Re: Paying taxes on Poker Winnings...
Both of the accountants I went to were unsure of the issue and both of them had to contact the CRA to clarify things.
One of them did it the next day, the other picked up the phone and called right then and there while I was in the office with them.
As far as the CRA is concerned if I am expecting an income and receiving income from my poker playing and it is my sole source of income then yes it is taxable.
As far as your comment regarding drug dealers not paying taxes because it is an illegal activity so they don't have to pay taxes, it doesn't even compare.
What did they finally arrest Al capone for? Tax evasion. Was he legit, I think not
This nonsense about not having to pay taxes on poker in Canada is nonsense and it needs to stop because there is some really bad advice out there.
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