[SumZero]

[ QUOTE ]
So if poker was my only source of income I would have to report it as income and pay tax on it in Canada? Are you sure of this?

What about if I make more money playing poker then at my job but play only part-time do I have to pay tax on that?

It was my understanding that in Canada you must report income earned by gambling but not pay taxes on it. Is this untrue?

[/ QUOTE ]

So in general search the web for more information. There is a FAQ out there in general as all this is a frequent thread on r.g.p.

In Canada IIRC the rule isn't if you are professional or not (which in the US effects if you can declare net winnings, in the US professional is good for your taxes), but rather if you are involved in running the gambling. So a casino or casino owner needs to pay taxes on gambling winnings. It is debatable if a prop would have to pay income on their winnings in Canada. There was a case where a person who gambled for a living was tried to make to pay taxes on his winnings but IIRC the courts reversed it.

But if you are in doubt, get a tax accountant!