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Poker Legislation & PPA Discussion hosted by Rich Muny Discussions of various poker-related laws and steps players can take to push for better laws.

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Old 06-28-2017, 01:36 AM   #2776
DoTheMath
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Re: Canadian Online Poker Tax Thread

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Originally Posted by Zobags View Post
Those two statements are contradictory.
When an action is actually illegal, but the only enforcement agency lacks either the ability or the will to enforce that provision of law, it doesn't make the act legal. There will simply be no consequences to the perpetrator as a result of the illegal act.
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Old 11-20-2017, 02:57 PM   #2777
isunkurbttlship
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Re: Canadian Online Poker Tax Thread

My wife and I got married this summer. This year for school she applied for OSAP and they needed spousal income information. I had some taxable earnings that I put down, but also won mid 5 figures from poker that I did not declare on my tax return. They want to know both 2016 total gross income received in Canada, as well as 2016 non-taxable income. My accountants initially thought that I should not put the poker winnings down, but they called both OSAP as well as the school's financial office. OSAP was unsure, but the financial office told them that I should put this information down. Does anyone have any experience or advice regarding my situation? If I should put this information down, they also want proof/required documentation. The only thing that I have would be emails from the poker site showing wd information.
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Old 11-20-2017, 10:53 PM   #2778
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Re: Canadian Online Poker Tax Thread

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Originally Posted by isunkurbttlship View Post
My wife and I got married this summer. This year for school she applied for OSAP and they needed spousal income information. I had some taxable earnings that I put down, but also won mid 5 figures from poker that I did not declare on my tax return. They want to know both 2016 total gross income received in Canada, as well as 2016 non-taxable income. My accountants initially thought that I should not put the poker winnings down, but they called both OSAP as well as the school's financial office. OSAP was unsure, but the financial office told them that I should put this information down. Does anyone have any experience or advice regarding my situation? If I should put this information down, they also want proof/required documentation. The only thing that I have would be emails from the poker site showing wd information.
Totally defensible to take the position that it is not "income from a source," and therefore not "income" for the purposes of a government student loan program. https://papers.ssrn.com/sol3/papers....act_id=1971415
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Old 11-20-2017, 11:32 PM   #2779
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Re: Canadian Online Poker Tax Thread

That's great, thank you for your quick response.
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Old 11-21-2017, 12:57 AM   #2780
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Re: Canadian Online Poker Tax Thread

One more thing. In this instance we already submitted the application, the sheet we are filling it is just a verification of that income to make sure the numbers are right etc. Would it be unreasonable to go back and say no non taxable income or would that raise too many red flags?
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