seems I can make more grinding 10 hours a day on max number of tables. Then any shitty job I can get with no education in these times. Im curious what the taxes if any for a pro poker player in canada. As well as how much of an increase in skill is it from nl25 to nl50
you probably find more tag-fish at nl50 than nl25 and maybe sligtly less really bad players.
so you can start stealing and isolation raise more and stuff like that in my experience.
Lotto, casino WINNINGS are tax free or at least they were a couple of years ago. Winning as a main source of income you should probally set aside 30% as this is the top tax rate in Canada. I believe from having a business in Canada before you will have to pay pension and health for yourself since you will not have an emloyer helping you pay for this.
I have not lived n Canada for 5years so best thing to do is go to http://www.cra-arc.gc.ca or call them( but be prerpared to get 2-3 different versions of the tax laws for poker players.)
Depends what site dude. Full tilt and stars there is a decent sized difference between 25nl and 50nl in my experience. After that the transition from 50->100->200 aren't to back up until 400nl, where the level gets much tougher.
Although makes $100 a day i really good going on 25NL. What site is that, is it short handed or full ring. If thats your average per day probably your making more than you would in a graduate job, only downside is you arent making much in terms of rakeback/points etc, where your time could be better spent at a higher limit gaining more loyalty points. I guess thats the classic weigh-up between skill level, rakeback and expected return. It doesnt get tougher, esp on the sites i mentioned but really in my experience its finding the level you feel comfortable playing at, nothing worse than playing with scared money.
I play party poker fullring but I make alot headsup vs donks short handed when the tables empty. I make the 100$ piont bonus every 2-3 days equal to 18% rakeback and I could probly save up for the 300$ one now equal to like 28% rakeback
Originally posted by Targetme
Im curious what the taxes if any for a pro poker player in canada.
There is a thread on Canadian poker tax laws and such on 2+2, its really long so I haven't read it though.
Originally posted by Targetme
link?
Search button??
I'm a nice guy but not sure about linking to 2+2 but if you are in the forum and replace the first part with
28/internet-poker/canadian-online-poker-tax-thread-7/
Sorry if its not allowed Eaglestar
Originally posted by AlexanderD22
Originally posted by Targetme
link?Search button??
I'm a nice guy but not sure about linking to 2+2 but if you are in the forum and replace the first part with
28/internet-poker/canadian-online-poker-tax-thread-7/Sorry if its not allowed Eaglestar
Most 2+2 links are fine
We tend to ignore them because they are helpful in some areas.