pursuit of profit Archives - LawNow Magazine

Gambling with your Taxes: Are Gambling Winnings a “Prize” Under the Income Tax Act?

During the recent summer Olympic Games we learned that Canadians, Americans and athletes from other countries receive a financial bonus for each medal they win, the size of the bonus depending upon the colour of the medal. This income is also taxed, a fact that is stirring legislators in the U.S. this fall to propose […]

Authors:

Peter Bowal
Peter Bowal
Peter Bowal is a Professor of Law at the Haskayne School of Business, University of Calgary in Calgary, Alberta.
 

Jason Ho
Jason Ho is an MBA student at the Haskayne School of Business, University of Calgary.
 


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