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Can you play sports bet with LMIA?

mercurial_33

Newbie
Jan 30, 2025
1
0
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




Having followed sports events for a long time, I wanted to make watching football matches more interesting, which led me to explore betting. For me, it's mostly a hobby, but sometimes it also provides an opportunity to earn a little extra. I usually make use of bonuses or deposits offered by platforms, which makes it easier to dive into this area. For instance, you can find information on no deposit bonuses at https://casinosfest.com/fr/bonus-casino/sans-depot/, which can be used for both casino games and sports betting. By reviewing the available platforms, Canadian players can find the best options suited to their needs. As the world of online betting continues to grow, staying informed about the latest offers and strategies can help make the experience more enjoyable.
As mentioned earlier, in Canada, betting winnings are generally not taxable for casual players. However, if you are betting professionally or earning significant amounts consistently, your winnings might be subject to taxation. A consultation with an expert would definitely be helpful.