Canadians Who Win Consistently- Do You Pay Taxes?

[housenuts]

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I'll pay when they make me pay. Til then I'll hang onto the cash thank you.

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exactly. even if they do catch on and decide that you have to pay you aren't gonna get in [censored] for tax evasion. you simply say it was gambling income, and then they tell you some [censored] and that technically you have to pay. and you say, oh really, [censored] i was under the impression gambling income in canada wasn't taxable. and then they say no you gotta pay. and you say ok and pay them.

people who ask questions about grey area subjects are stupid.

ie. high school field trip -
teacher: does anyone have any questions?
stupid kid: ya, are we allowed to bring alcohol?

no the teacher says no and it's clear it's not allowed. if you don't ask, you don't know, and can't get in [censored].

[housenuts]

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What's the first dollar of yearly income that becomes taxable? I've heard it's around 7k or 8k but I can't find a definitive answer.

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ya it changes with inflation and such but it's around there.

[Raven]

I think it would be interesting to look at the response of Revenue Canada to someone stating "online poker" as their sole source of income in their report.

Two friends of mine did that and actually send a check with the amount of tax they had to paid as if it was a labor income. They never had any inquiries from Revenue Canada. I think it was not the smartest move as they should at least have waited if Revenue Canada was asking them to pay tax on their poker winnings.

Anyone have tried it here ?

[lefty rosen]

They upped it to 8300 or 8400? Any dollar after that minus deductions is taxable. Basically if you are a student or a househusband type you could probably make 10K and not pay taxes if you take off new computer parts internet fees, maybe gas(if you say you made money live), the area is totally ripe for exploitation.......