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Yup, winnings under $10G are not reported to revenue Canada. Want to launder money? Go into a casino and have a good time for a few hours. Do not spend more tha
by bungie4 9y ago
Yup, winnings under $10G are not reported to revenue Canada. Want to launder money? Go into a casino and have a good time for a few hours. Do not spend more than a couple of hundred.
Revenue Canada asks where the money came from? "I 'won' it at the casino". Rinse and Repeat.
- privacypoller 9y agoWhy would you (a) pay a margin to the house an (b) process such piddly amounts when you can clear 100's of thousands or millions in one go, plus make substantial return on your "investment"?
- bungie4 9y agoA) I wasn't referring to the methods in the article, instead, from the previous poster. B) The way I mentioned, is 100% legal, C) its also useful to mere mortals.