Reported Post by kiln master

kiln master · Jun 16, 2014

kiln master has reported a post.

Reason:

Thread question is answered / discussion is closed. A mod can lock, thank you.

Post: taxes and gp selling.
Forum: Market Discussion
Assigned Moderators: zuzel111, ZippyGFX, leanbean901, Cas_M

Posted by: kiln master
Original Content:

Hey guys, I'm not sure if this belongs here but if it doesn't a mod can move it please. So recently I've been getting super lucky staking on 07, making well above max cash from literally 7m start. I've been selling it off slowly and gaining 100-200m daily so it feels like it'll be an infinite loop. I did not initially for-see I'd sell this much, I thought I'd get cleaned. Anyway, since I'm selling tons through western union, how does (federal/provincial) taxation work on gp sales? I mean I'm literally walking out with 700$ per week from the w/u, plus 500$ a week from work, netting 1,200$ a week. Do I need to tell the govnment that I have a side job of gambler or what? I'm certain w/u declares it anyway, as I couldn't find anything on google saying otherwise.