Reply To: For tax purposes; what do we call what we do???

A question for other Canadian casino affiliate people!! For those of us who are Canadian and we don’t have to pay taxes on gambling winnings – IF the casino pays us with the same payment processing as the players do you think we have to pay taxes? If there is a loss during a month can you deduct it from winnings? and finally if the payment comes from a bank wire from England (like BCP) do you think we have to pay if we just say we won at the online casino?

thanks

I don’t know specifically about the powers of the Canadian IRS – but if they’re like most other places then all I can say is … YOU IDIOT !!!
:Cry:

You say … oh all these Internet payments … I won them !!
Honest I did … sigh.gif

They say … prove it !! Show us winning evidence.
Provide details – and we’ll check it out – and look for sworn statements from thr casino people. uh-oh.
:huh2:

Does your player account show wins of that magnitude?? Ooops.
You’ll be forced to explain every single receipt after that.
:grunt:

Additionally here in New Zealand :
– you would also be hit with penalties (somewhere between 100% to 300% of “avoided tax” )
– and possible face a jail term …
:Cry:

Defrauding IRS is like playing russian roulette – except they hold the only gun -and keep pulling the trigger.
:withstupi