Bigsky_52 asked:
I’ve heard that Canadians aren’t taxed on gambling winnings. But what if you’re a business? Suppose you have a business that consists of a computer running an arbitrage sports betting program. The business makes money, but via making online sports wagers. Would that still be untaxed? Or is it only for individuals? And are there any attorneys that specialize in this aspect of the Canadian tax law? Thanks.
Sam
I’ve heard that Canadians aren’t taxed on gambling winnings. But what if you’re a business? Suppose you have a business that consists of a computer running an arbitrage sports betting program. The business makes money, but via making online sports wagers. Would that still be untaxed? Or is it only for individuals? And are there any attorneys that specialize in this aspect of the Canadian tax law? Thanks.
Sam
