Canadian Online Poker Tax Thread


Here seems to be a lot of confusion when it comes to paying taxes on online poker in Canada. Please keep all discussion regarding taxes in Canada in this thread for Canadian players (as well as people from abroad who may be contemplating moving to Canada or just interested in this subject).First, I like to say that I am in no way qualified to give legal advice. From reading the various forums and researching with CCRA I have a few things to add. I see a lot of posters here vehemently declaring that there are no taxes on gambling in Canada and that you don't have to pay taxes on gambling winnings. Trust me, I would like nothing better than to believe that this is true. However this only partially correct.After reading the official website for the CCRA, (looking under other types of income, ie gambling) they do bring up the subject of reasonable expectation of profit. This is a very gray area, and is very vague. You can be taxed on carrying the business of gambling, as well as placing bets and wagering. A poster in the another thread stated that it does not necessarily have to do with how much you won but by the frequency of your activity. This is absolutely correct.

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