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Averaging 100+ a day at nl25

    • Targetme
      Targetme
      Bronze
      Joined: 04.05.2009 Posts: 1,888
      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
  • 8 replies
    • raun
      raun
      Bronze
      Joined: 15.07.2007 Posts: 746
      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.
    • One12ver
      One12ver
      Bronze
      Joined: 22.05.2008 Posts: 249
      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.) :f_biggrin:
    • iamblueandurmine
      iamblueandurmine
      Bronze
      Joined: 11.07.2008 Posts: 130
      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 $100 a day i really good going on 25NL. What site is that, is it short handed or full ring. If thats your average per day probably your making more than you would in a graduate job, only downside is you arent making much in terms of rakeback/points etc, where your time could be better spent at a higher limit gaining more loyalty points. I guess thats the classic weigh-up between skill level, rakeback and expected return. It doesnt get tougher, esp on the sites i mentioned but really in my experience its finding the level you feel comfortable playing at, nothing worse than playing with scared money.
    • Targetme
      Targetme
      Bronze
      Joined: 04.05.2009 Posts: 1,888
      I play party poker fullring but I make alot headsup vs donks short handed when the tables empty. I make the 100$ 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
    • AlexanderD22
      AlexanderD22
      Bronze
      Joined: 26.08.2009 Posts: 377
      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.
    • Targetme
      Targetme
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      Joined: 04.05.2009 Posts: 1,888
      link?
    • AlexanderD22
      AlexanderD22
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      Joined: 26.08.2009 Posts: 377
      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
    • justkyle88
      justkyle88
      Bronze
      Joined: 07.05.2008 Posts: 7,613
      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.