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Old 01-19-2020, 08:08 PM   #2801
PokerPlayingGamble
 
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Re: Canadian Online Poker Tax Thread

Quote:
Hell I might even be slightly down for the year if I tracked it, would I be able to claim a loss and get tax back?
No. That is precisely why the court has taken the stance that it has. They don't want people to be able to write off gambling losses.
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Old 04-04-2020, 01:12 PM   #2802
phoebe123
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Re: Canadian Online Poker Tax Thread

From what I've read it seems fair to say that the CRA has continually failed to adequately put together a case against professional gamblers/they also don't seem to care enough to put the resources in to such matters.

As a professional player online in Canada, would it be advisable to simply not declare poker winnings at all?

I own property and other things that have been purchased with poker income.
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Old 04-05-2020, 12:25 AM   #2803
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Re: Canadian Online Poker Tax Thread

Don't declare it on your tax form, do keep detailed records.
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Old 05-12-2020, 11:41 AM   #2804
orang
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Re: Canadian Online Poker Tax Thread

I'm currently a Canadian Permanent Resident until 2022 as I came here as a student a few years ago. I've been grinding LIVE 1/2 since 2-3 years now and making 30-40k a year. Would filing zero income though be a problem when time comes to renew my PR or apply for citizenship with regards to background checks? If so, I would rather start filing this as gambling income from this year, but I don't want to be foolish enough to be the only one filing it, when 99.9% Canadians don't due to the vague laws.

Advice guys?
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Old 10-27-2020, 07:47 PM   #2805
tercet
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Re: Canadian Online Poker Tax Thread

Duhamel has a 1.2m case with the CRA.

https://www.lapresse.ca/affaires/202...an-duhamel.php
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Old 10-27-2020, 08:09 PM   #2806
Dubnjoy000
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Re: Canadian Online Poker Tax Thread

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Originally Posted by tercet View Post
Duhamel has a 1.2m case with the CRA.

https://www.lapresse.ca/affaires/202...an-duhamel.php
I saw that. I also noticed that the fellow never paid anything for his ME bink outside of in the USA I mean...
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Old 02-04-2021, 04:51 PM   #2807
Frenkl
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Re: Canadian Online Poker Tax Thread

Does anyone have any news here regarding the tax situation in Ontario?

I could only find this but it's related to Quebec (Maybe a repost): https://www.maplecasino.ca/news/cra-...tm_campaign=MC
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Old 02-13-2021, 03:59 AM   #2808
Equal
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Re: Canadian Online Poker Tax Thread

So I made the 3rd post on this thread 57 minutes after it was created and here I am 16 years and 4 months later catching up on recent posts.

So what's happened in the last few years in the Courts? Any new judgments to read? How did the Quebec players do?

For those of you that hired me for consulting for your own personal situations... any of you want to tell your story publicly? How did it go?
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Old 03-04-2021, 04:43 PM   #2809
isunkurbttlship
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Re: Canadian Online Poker Tax Thread

Anyone have a tax professional that knows what they're doing with poker and crypto in Ontario can you please PM me. Thank you
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