Luck is not taxable in Canada

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tbonestk said:

"In a few years, the Leblancs were managing a full-time betting operation from their home, wagering up to $300,000 a week..."

"...Not everything has gone so well. Around 1996, Terry Leblanc fell in love with a stripper and showered her with gifts, including an $850 engagement ring, $2,000 for breast implants and $14,000 in cash.

"The relationship ended after the woman stole $124,000 worth of winning lottery tickets from a jar the Leblancs used to store winning bets (the theft prompted them to buy a safe)."

Fishhead?

:missingte
 

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bakinbaconwithMacon said:
yes gambling is non taxable income here :money8:

Unless gambling is your full-time occupation. Confirmed to me by an accountant and a lawyer. I will have to report my winnings this year. :Sad Face:
 

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My understanding that part of the "luck" defence was exposing the usurious hold of Pro-line.
 

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