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Thread: Do you play any online games?
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11-01-2007 08:29 PM #1
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Do you play any online games?
Sometimes when you are dead bored i would go to some random sites to play games. The recent one I've been playing is this game called redvsblue. Okay it might be by xbox and the main theme is halo, but still its a sound game when you are waiting or inside a lecture. Plus it also says they give money to charity to everytime you play!
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11-01-2007 08:50 PM #2
poker (not for money), scrabble and chess
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11-01-2007 09:50 PM #3
I play online poker..
Proud Member BigJohnnys Ryder Cup Team '08
All your base, are belong to us.
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11-01-2007 09:58 PM #4
lance do you play on facebook as well? Its free and its not for money... so probably not LOL
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11-01-2007 10:08 PM #5
I play at fulltilt
Proud Member BigJohnnys Ryder Cup Team '08
All your base, are belong to us.
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11-01-2007 10:22 PM #6
if you win a lot do you have to declare it on your income?
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11-01-2007 10:26 PM #7
That I do not.. I am small time.
Proud Member BigJohnnys Ryder Cup Team '08
All your base, are belong to us.
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11-02-2007 07:05 AM #8
I play Links 2003 on-line. As well, I play poker, but not for real cash. That is reserved for real games on the links!
Proud member of the 2007, 2009, 2010, 2011, 2012, 2013 and 2014 Ottawa Golf Ryder Cup teams.
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11-02-2007 03:34 PM #9
I play online poker (for money). I usually play on Pokerstars
I don't think you have to declare your poker winnings as income in Canada.
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11-02-2007 04:41 PM #10
You only have to declare your poker (or gambling in general) winnings as income if it is your primary source of income (i.e. you're a professional and gambling is your 'job').
A guy like Daniel Negranu (sp?) for instance would likely have declare his winnings.
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11-04-2007 10:56 PM #11
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hehe...I've hashed this out before. I won't tell you where I work, but we've debated this at work as well.
The above poster was essentially correct. My interpretation is that you have to consider yourself a professional. Professional by "pro poker player" standards.
For example, as the previous poster mentioned, you could earn $40k in your job, but get lucky in a few satellites and get into a $200k guaranteed tourney. This would probably see about a 60-65k first prize. If you win, that would be your primary source of income. Hell, you may do that a few times in a year racking up about $100k.
How are you determined to be a pro? I dont' know. I remember hearing something about it once, and it has to do with sustainability in your lifestyle. If you're starving yourself and you don't have a job and you're bringing in $250/wk, you're not a pro and it's not professional income.
Should you declare it? Well, you're not taxed on lottery and gambling winnings in Canada. If it's professional income, yes, and you can deduct your expenses against the professional income.
I wouldn't worry about the CRA coming after small timers yet. I imagine as it becomes more popular that you will have to. Look at it this way, you should arguably be declaring income from a yard sale lol.
FallysTwitter: @Scott_Fally
"The finest people in the world...are golfers." -- Ben Hogan
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