Re: Canadians Who Win Consistently- Do You Pay Taxes?
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I think a lot of you are underestimating what kind of trouble you're getting yourself into if you're caught for tax evasion. I would guess that there are LOTS of canadians who aren't paying taxes on their poker winnings because right now there's no precedant.
The percentage of players who do pay their fair share of taxes most likely increase the more money they make. I'm speaking of those who play primarily online as I highly doubt any B&M players would report their full income.
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didn't the link you post on the previous cdn tax thread basically say "No laws ATM, so it's okay not to" or something?
could you clarify what you said on the second half of the reply?
lastly, if you don't mind sharing, how much % are you paying? any loops we can jump through to reduce this %?
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