Keep records of ticket purchases, payment slips, and unredeemed tickets. The theory here is to have a separately filing taxpayer, an entity, properly formed for the sole purpose of gambling. Whether one's gambling activities constitute a "business" or not is to be determined on a case-by-case basis by the Taxation Office and is subject to appeal to various Tribunals and Courts. In the first two cases, the gamblers won substantial amounts of money and the Taxation Office was trying to levy tax on those winnings, arguing that the gamblers were in the "business" of gambling. Make sure there are no shoe prints on the losing tickets, once you drop a pari-mutuel ticket and someone steps on it, it is generally "void" for tax deduction purposes. The lesson learned in this matter Jimmie Clemons v Commissioner is if you are looking to take a position of Professional Gambler Status then retain a tax pro.

The Top Garcinia Source In Canada The best supplier of 100 pure extract is shown here. This particular Garcinia Cambogia is a top-notch product that has been proven to get real weight loss results in daily users. This is our top recommendation for Canadians as the shipping is very fast. They also offer special deals where you can get free bottles if you buy several at a time. Garcinia cambogia is a fruit grown across India and Southeast Asia and it is used there as a food and its rinds are used in some traditional recipes of south India.

Leave a Reply