Re: How is gambling taxed in Canada?
You are right - I am conservative. While it goes against a lot of who I am, my job requires that I keep my employer from assuming too much risk. That's what I'm paid to do.
Don't forget, if an accountant gives bad advice and the client ends up with a tax liability as a result, it is customary for the accountant to pick up the bill for it.
That's something I'd rather not do.
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