Do non professional poker players in Canada have to pay tax on winnings
I recently came 2nd in the Sunday million for 95k usd just wondering do I don't i have to pay tax on this Im a Canadian in Canada
thanks in advance.
thanks in advance.
Comments
Decision is, are you pro or not. If you have a regular job and play casually the no you are not a professional, you are a lottery winner and they are not taxable... as always, confer with your lawyer for a definitive answer, if there is one.
By the way, nice catch, I bet you can recall a lot of big flips and bad beats you laid to win. Good job.
Wouldn't that outweigh the tax write offs?