Can you play sports bet with LMIA?

[Sandy26]

Yes, well, I've read this discussion and still haven't figured out for myself if my betting winnings are taxable.
Because recently I just got excited about it, started analyzing and making assumptions without making a bet, and it seems to have turned out quite well. And SB, which recently passed, gave me the opportunity to practice.
I understand that turning to a lawyer for advice is the best thing I can do. Ohh Technically, there’s no law in Canada that specifically bans LMIA workers from placing sports bets or using online casinos in their free time. As long as you're not breaching any terms of your work permit (like running a gambling business), it's generally fine. I’ve personally used platforms like this one for betting on IPL outcomes and casino games https://hindidp.org/betting-on-ipl-match-outcomes-and-live-scores-with-1xbet-india-in-inr/ without any issues. Just make sure the site is legal and secure. Online casinos can be a fun way to unwind after work, but always gamble responsibly.

Totally get where you’re coming from — taxes on betting winnings can be confusing and often depend on your country or state’s laws. Even if you’re just analyzing and not placing bets, once you start winning real money, things can get complicated. The recent SB changes probably add another layer, making it more important to stay informed. Definitely, a lawyer or a tax professional familiar with gambling laws is your safest bet to avoid surprises. Meanwhile, it’s smart you’re practicing and refining your strategies without rushing into bets — that’s how the pros do it. Just make sure to keep records of everything, so when you do talk to an expert, you have all the info ready.