I've posted here before when I first joined (Surrey, BC.. Go Nucks Go!) though I wanted to ask if anyone if familair with the poker law in BC/Canada in general would be a great help to me... more lookin into what taxes I have to pay and such
We don't pay taxes on poker or any other gambling winnings across Canada.
If you win a million dollars playing poker you may have to declare any interest earned from winnings the following year. RRSPs can take care of this.
In Canada even if you win the lotto you can give someone a one time cash gift and they don't pay taxes on it.
So I think if you win the WSOP you can give a family member some of the winnings tax free.
Cool Beans Huh!

Québec city right here for study, but I live near Saint-Hyacinthe when I'm not at the University. Its between Québec city and Montréal city.
Originally posted by KidPokersKid
I've posted here before when I first joined (Surrey, BC.. Go Nucks Go!) though I wanted to ask if anyone if familair with the poker law in BC/Canada in general would be a great help to me... more lookin into what taxes I have to pay and such![]()
It's only tax-free if it is not your primary source of income. If you are a pro and entirely dependant on your poker winnings, speak to a good accountant and get advice. If you have a job/other source of income, then poker is tax free and your winnings are classified as being from a recreational source and not taxable.
Got online when casino went on strike. Just as I doing well. Got the $50 and up to $300 and half way to 1,000. Won my first tournament. But Go Canada...
HI,
I used to live in Canada. I finished my study there now I moved to UK for my business. My family is living in canada.
Originally posted by antstruk
Anyone know where to buy prepaids and what kind?
lol what?