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  #1  
Old 08-26-2005, 02:55 PM
tenth tenth is offline
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Join Date: Mar 2005
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Default Re: Best place to live for online poker pro: Western canada?

[ QUOTE ]
I also took tax and accounting in school and have talked to revenue Canada.

[/ QUOTE ]
No offense, but simply taking a tax course doesn't mean much. I took it, and we certainly didn't cover anything like this to any depth. My tax accounting prof actually explained it the same way as Equal did here, and he has a poker playing client. While the prof isn't a tax specialist, he is a CA working in a good sized firm with several dedicated tax specialists at their disposal.

Talking to Revenue Canada is a little more interesting, but I'm a little skeptical the people doing customer support, most of whom would be temporary workers, really know the act 100%. My 18 year old sister even worked for the CRA in Customer Support (in some capacity) this last tax season. Or did you go beyond the guys that answer the phone?

Do you have a link to anything related to the court cases on this?

Sorry for being pessimistic, but I hold my tax prof in pretty high regard. That's not to say he can't be wrong, but I still trust him over the word of somebody on the internet. [img]/images/graemlins/crazy.gif[/img]
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  #2  
Old 08-26-2005, 03:06 PM
tenth tenth is offline
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Default Re: Best place to live for online poker pro: Western canada?

I believe this is the section Equal is referring to. Definitely hazy, but I'd be keeping pretty careful records as I think it'd be pretty agressive to not report it, especially if it makes up your primary income.

http://www.cra-arc.gc.ca/E/pub/tp/it...it334r2-e.html
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  #3  
Old 08-26-2005, 05:08 PM
cassette cassette is offline
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Default Re: Best place to live for online poker pro: Western canada?

If you live in Canada and make small change playing poker you don't need to report.

If you live in Canada and make decent money at poker and/or it is your primary income, you are a dumbass if you don't report.

Canada being tax free is an urban myth.
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