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In Canada, poker winnings are generally considered taxable income according to the Canada Revenue Agency （CRA）. All gambling winnings, including poker tournament prizes and cash game profits, must be reported as income on your tax return. However, casual gamblers who play occasionally for entertainment may not always be required to pay taxes, while professional poker players who earn their primary income from gambling must declare all winnings as business income.
The key distinction lies in whether you\“re playing as a hobby or as a profession. Professional players can deduct gambling-related expenses, while recreational players cannot. It\“s important to maintain accurate records of all winnings and losses for tax purposes. |
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Post time 2025-11-19 13:29:38