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Thinking about moving to Canada Thinking about moving to Canada

05-29-2013 , 05:53 PM
Anyone know if as a US citizen I will have access to the 10k max Skrill cashout option once I move? and if so the average amount of time it takes for one to go through?
05-29-2013 , 10:37 PM
Ya, I'm American who moved to Canada. They switched my account address over the same day I messaged them. Skrill w/d's take different amounts of time for different people. As for me, I've never had a max cash out take longer than 2.5 months
05-29-2013 , 11:46 PM
Correct me if I am wrong, but if you move to Canada can't you just play on better sites?
05-29-2013 , 11:56 PM
seems like he would be cashing out money that he already has on the site so he can deposit in on stars etc
05-29-2013 , 11:56 PM
I think he wants to move there so he can cash out.
05-30-2013 , 01:36 AM
had a 5day max skrill last month, normally 3-10 weeks. uk.
05-30-2013 , 12:49 PM
Quote:
Originally Posted by JohnHHolliday
Correct me if I am wrong, but if you move to Canada can't you just play on better sites?
Yes you are correct. If you live in Canada, you can play on PokerStars, FullTilt, and any other site you want.

And on top of that, you can cash out without any fear that the government will interfere with you cashing out.

What a concept.
05-30-2013 , 06:48 PM
Im guessing you just pay taxes on any winnings? What a creative concept.
05-30-2013 , 08:00 PM
Nope not if you file it as recreational... It's like a fairy tale! and yes I have a large balance on lock that I want to get off faster, but if the cash outs are fast enough I will continue to play on Lock instead of stars since I won't be able to stay for a full year to get super nova elite and the rakeback is so good. Thanks for the responses guys I appreciate it, didn't want to take Lock's word and end up in Canada with the same crappy cash outs as US.
05-31-2013 , 12:19 AM
Maybe being in Canada will help a bit with speed as you try to extract your money. But the big questions are whether there's any Lock player money left, and if not, whether you can withdraw aggressively enough to be paid from the deposits of new sheep before things collapse. You've got to get your money off there ASAP.

But even if you move to Canada, you would be crazy to play on Lock instead of Stars. Super nova elite may not be possible, but at Lock you risk losing everything.

It's plast time to protect yourself.
05-31-2013 , 02:51 AM
Quote:
Originally Posted by Jammin4Jesus
Nope not if you file it as recreational... It's like a fairy tale! and yes I have a large balance on lock that I want to get off faster, but if the cash outs are fast enough I will continue to play on Lock instead of stars since I won't be able to stay for a full year to get super nova elite and the rakeback is so good. Thanks for the responses guys I appreciate it, didn't want to take Lock's word and end up in Canada with the same crappy cash outs as US.
"If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Your worldwide income is subject to U.S. income tax, regardless of where you reside."

http://www.irs.gov/Individuals/Inter...-Aliens-Abroad
05-31-2013 , 12:07 PM
I was talking about Canadian taxes, I'll still be filing US even though it hurts me deep after how hard they've made it to make money playing online.
05-31-2013 , 05:21 PM
Quote:
Originally Posted by Jammin4Jesus
I was talking about Canadian taxes, I'll still be filing US even though it hurts me deep after how hard they've made it to make money playing online.
Canadians don't need to know what you are doing up there. I doubt you have to let them know anything at all. As a US citizen, you are required to file taxes (for the US) even if you are living overseas.
05-31-2013 , 08:30 PM
Quote:
Originally Posted by Dorko
Canadians don't need to know what you are doing up there. I doubt you have to let them know anything at all. As a US citizen, you are required to file taxes (for the US) even if you are living overseas.
File taxes no matter what, but the USA has treaties with many foreign countries that will reduce or even eliminate owed tax. Check into it.
06-02-2013 , 03:31 PM
Quote:
Originally Posted by smurg
"If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Your worldwide income is subject to U.S. income tax, regardless of where you reside."

http://www.irs.gov/Individuals/Inter...-Aliens-Abroad
Well sorry but this is ridiculous. I'm originally from Germany lived in 5 countries in over 20 years and never ever was I subject to German income tax laws or anything else.

That's just another ridiculous US law. You should always have to pay your taxes in your country of residence cause that's where you live, eat, work and spend your money. Non of the US's business plus I'm confident that in Spain you would still have to pay the local income tax US citizen or not.

You have to contribute to the economy of the country you work in not the country you come from. What freaking logic is that?
06-02-2013 , 10:31 PM
its not completely that bad, many can file for foreign income exclusion, to obliterate or lower taxable amount (if you lived there 11 months).

http://www.irs.gov/Individuals/Inter...come-Exclusion
06-03-2013 , 12:11 AM
Quote:
Originally Posted by HammerMan72
Well sorry but this is ridiculous. I'm originally from Germany lived in 5 countries in over 20 years and never ever was I subject to German income tax laws or anything else.

That's just another ridiculous US law. You should always have to pay your taxes in your country of residence cause that's where you live, eat, work and spend your money. Non of the US's business plus I'm confident that in Spain you would still have to pay the local income tax US citizen or not.

You have to contribute to the economy of the country you work in not the country you come from. What freaking logic is that?
If he files as a professional as opposed to an amateur, a part of the tax he pays goes to Social Security/medicare/medicaid. Which he would eventually benefit from as an American citizen/person who spends a lot of time inactivity . Of course, he could always renounce his citizenship lol, and thus not owe a dime to Uncle Sam and the poker killing Department of Justice, GL haha
06-03-2013 , 05:13 AM
Hey Shadow, I wasn't referencing in relation to being a pro or amateur poker player but speaking in general. Obviously if you're working in a foreign country your income tax, unemployment insurance and social is deducted from your wages by your employer.

Hence I find it very odd that a US citizen would still have to ANY kind of tax to the US if he doesn't live there.

@e1cnr
Thanks for the link. Still find it odd that you actually have to file the "foreign income exclusion" with your Gov if you don't live in the US.
06-03-2013 , 05:52 AM
Quote:
Originally Posted by HammerMan72
Well sorry but this is ridiculous. I'm originally from Germany lived in 5 countries in over 20 years and never ever was I subject to German income tax laws or anything else.

That's just another ridiculous US law. You should always have to pay your taxes in your country of residence cause that's where you live, eat, work and spend your money. Non of the US's business plus I'm confident that in Spain you would still have to pay the local income tax US citizen or not.

You have to contribute to the economy of the country you work in not the country you come from. What freaking logic is that?
You don't understand the US law mainly because you haven't filed a USA tax return.

If an American lives abroad they have to file income taxes to the USA Internal Revenue Service.

If the American earns money from a company in the USA that will be taxable income to the USA because that company must report monies paid out.

If the American is working abroad and paying income taxes in that country, there is a law for no "double taxation".

Taxes paid to governments abroad can be used as exclusion credit to offset US taxes as well.

This is way oversimplifying the process, but an American will not be "double taxed" when they file, especially if the amount they earned is less than 100k.

I challenge you to get paid by a German business who is making the government aware that they are paying you to avoid paying income tax on that money.
06-03-2013 , 07:57 AM
Thanks for the explanation buddy. I'll get it now. It's hard to get your head around tax stuff if you haven't paid any in like.... 15 years or so.
06-03-2013 , 08:04 AM
Quote:
Originally Posted by HammerMan72
Thanks for the explanation buddy. I'll get it now. It's hard to get your head around tax stuff if you haven't paid any in like.... 15 years or so.
haha, then Lock is perfect for you, they won't disclose anything to anyone!
06-03-2013 , 08:21 AM
LOL @Don.. I know, right?
07-14-2013 , 03:33 PM
So did you ever end up going to Canada and doing this? At least ROW players can get big sums of money every 3-4 months, as U.S. players were lucky to get 6-9k a year at the going rate of their "backlog" lol.
07-14-2013 , 05:31 PM
I never did but I still might. I was under the impression that the Skrills only took 2-4 weeks based off of what one of the Lock players was saying but after talking to more people I found out the average time is around 3 months. If I could stay in Canada year round I would do it for sure and go for super nova elite but the idea of playing tough games with bad rakeback for only 6 months and getting 20k (if I'm lucky) of my Lock balance is pretty ehhhh to me.
07-19-2013 , 12:03 AM
So if I move to Canada and with draw with this scrilex pay method I can get up 2 10k and what type of funds is it can i withdraw it from an ATM or use it as a debit card interesting thought I have 7k on there and wanna get it off by October. Thanks for any input

      
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