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Online gambling income tax

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Gambling and Taxes with Gambling Author Jean Scott Prepare and File Taxes. Online Products. Whether you roll the dice, bet on the ponies, play cards or enjoy slot machines, you should know that as a casual gambler, your gambling winnings are fully taxable and must be reported on your income tax return. All countries and governments have their own online gambling tax policies and legislation so we need to look at this question from a global perspective. Gambling winnings, therefore, remain free of tax regardless of whether they make up an individual’s main source of income. With the income tax landscape being rather different in Canada, the main point to note is that gambling winnings are not considered taxable income. Do Professional Gamblers Have to Pay Online Gambling Taxes?

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