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Old 11-06-2005, 06:38 PM
Peter666 Peter666 is offline
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Join Date: Jun 2005
Posts: 346
Default Re: Paying taxes on Poker Winnings...

Luckily, the Criminal Code of Canada does not punish those making bets in an illegal gambling setup. It only goes after the organizers of the event. Because they are foreign, you are untouchable. The worst that could happen is having the RCMP raid the illegal gambling establishment and seizing all assests, which would include any money you have with them. However, none of these establishments are on Canadian soil, so we are free.

If we set up our own website here in Canada that was not registered and took bets from all over the country, we would be considered illegal. If we had our office in Montreal, the police would raid it, seize all our assets and take us to trial. The gravest punishment is only 2 years though. Of course, this would allow us to get free university education at Club Fed, and for us white collar criminals, things are very comfortable from what I hear. Private rooms, TV, free internet, conjugal visits. It's always a good backup plan [img]/images/graemlins/tongue.gif[/img]
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