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I also took tax and accounting in school and have talked to revenue Canada.

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No offense, but simply taking a tax course doesn't mean much. I took it, and we certainly didn't cover anything like this to any depth. My tax accounting prof actually explained it the same way as Equal did here, and he has a poker playing client. While the prof isn't a tax specialist, he is a CA working in a good sized firm with several dedicated tax specialists at their disposal.

Talking to Revenue Canada is a little more interesting, but I'm a little skeptical the people doing customer support, most of whom would be temporary workers, really know the act 100%. My 18 year old sister even worked for the CRA in Customer Support (in some capacity) this last tax season. Or did you go beyond the guys that answer the phone?

Do you have a link to anything related to the court cases on this?

Sorry for being pessimistic, but I hold my tax prof in pretty high regard. That's not to say he can't be wrong, but I still trust him over the word of somebody on the internet. [img]/images/graemlins/crazy.gif[/img]