how many professional gamblers own their own homes?

[Henry17]

Paying taxes though isn't worth it. It would be cheaper to borrow the money on the street or just keep renting rather then declare income.

If I was in the States I'd agree. The IRS is scary and not going to jail is a major plus. CRA on the other hand isn't ever going to bother me.

[monkeyman]

you hope the cra isn't going to bother you. doesn't mean they won't...

it is pretty simple to declare income and not pay tax, which will keep you from getting in trouble (even if it is a remote possiblity) and also allow you to get a mortgage with a very good interest rate.

[basementproject]

[ QUOTE ]
you hope the cra isn't going to bother you. doesn't mean they won't...

[/ QUOTE ]

His equity vs. the CRA here is like 98%

[Biggle10]

8

[ilikeaces86_]

account 363

[DDBeast]

9
Also my lender had no problem whatsoever that I was a pro poker player, w-2's work magic.

[PBJaxx]

[ QUOTE ]
9
Also my lender had no problem whatsoever that I was a pro poker player, w-2's work magic.

[/ QUOTE ]

Where did you get a w-2?

[Henry17]

[ QUOTE ]
[ QUOTE ]
you hope the cra isn't going to bother you. doesn't mean they won't...

[/ QUOTE ]

His equity vs. the CRA here is like 98%

[/ QUOTE ]

I'd say it is 99.999%. I've stopped filing income tax because I don't want to push my luck but for the years 2000-2004 I claimed $32k in rent payed to get my Ontario rental credit while declared my annual income as $100-300. If that didn't get their attention I don't know what will.

[DDBeast]

I don't know why I said w2, I meant 1099.

[Backspin20]

11