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Legislation for Poker & Income Taxes for Poker Players Discussions of various poker-related laws and steps players can take to push for better laws.

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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
PokerPlayingGamble
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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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