Are Payments from Casino sites for being an affiliate taxed in Canada?

tmlftw01

Newbie member
PABnoaccred
PABinit
Hi,

Just as the question in the subject, if you are an affiliate located in Canada, are you taxed on payments received by casinos?


Many thanks.
 

Jasminebed

Grumpy old gal
Yes, it's earned income. You are allowed to claim business deductions, and if you run your business from your home and have a dedicated office area, you can claim a percentage of your home expenses. Expenses such as web hosting and internet would be 100%, and equipment such as computers are handled as capital costs and depreciation.
 

tmlftw01

Newbie member
PABnoaccred
PABinit
Okay great, are you supposed to keep track of this urself, such as within an excel graph or do said casinos send u a form?
 

Biti

Webmeister
webmeister
Yes, I suppose income is taxed almost everywhere. In some countries it might be foreign income and not taxed, like in Panama.
 

tmlftw01

Newbie member
PABnoaccred
PABinit
Yes, it's earned income. You are allowed to claim business deductions, and if you run your business from your home and have a dedicated office area, you can claim a percentage of your home expenses. Expenses such as web hosting and internet would be 100%, and equipment such as computers are handled as capital costs and depreciation.
If i am not a business, just a regular person who many have a free site which hosts casino links, would this still apply? Money earned from any form of Gambling within Canada is not taxable, these casino sites do not send official forms, how would it be tracked? Wouldn't this type of money just be considered money from gambling also since it comes from sites that are outside of Canada?
 

dunover

Unofficial T&C's Editor
Staff member
webmeister
PABnonaccred
PABnononaccred
CAG
mm3
Yes, it's earned income. You are allowed to claim business deductions, and if you run your business from your home and have a dedicated office area, you can claim a percentage of your home expenses. Expenses such as web hosting and internet would be 100%, and equipment such as computers are handled as capital costs and depreciation.

As an affiliate you are responsible for declaring your income, which is NOT taxed at source. You work on a sole trader or self-employed basis. I weep every April when sending thousands to the UK IRS. :(
 

Jasminebed

Grumpy old gal
If i am not a business, just a regular person who many have a free site which hosts casino links, would this still apply? Money earned from any form of Gambling within Canada is not taxable, these casino sites do not send official forms, how would it be tracked? Wouldn't this type of money just be considered money from gambling also since it comes from sites that are outside of Canada?
I'm not a tax attorney, but no. Gambling wins are not taxable, nor are losses deductible. But these are not gambling wins, these are affiliate payments, which is earned income.

If your earnings are small, your taxes will be small too. Just plan accordingly so you don't get hit with a big surprise come April next year. Take full advantage of any tax deductions available to you, and you might find you make very little net profit.

Small businesses are often run by "regular people", not companies. They are not exempt from tax.
 

TheAverageGuy

~Master of Slack~
mm2
Silly question... is there anything in Canada the government doesn't take a piece of? ;-P

Even the "untaxed" casino wins.. were still gained from the taxed income ;-)
 
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