VEGAS BOUND ?

WIN BIG !

but

KEEP TRACK OF THOSE LOSSES !

UNCLE SAM NOW ALLOWS A REFUND.

Suppose the first day you win $10,000 but the next day you lose $10,000. By U.S. law the Casino was required to deduct 30% or $3,000 from your winnings. So the next day when you board the plane to go back to good old Canada, you are wiser, but $3,000 poorer.

Well , There Is Great News !!!

New rules came into effect on Jan 1, 1996 allowing Canadian residents to claim gambling losses up to the amount of their gambling winnings. Refunds will not be allowed for tax withheld on gambling winnings prior to 1996. You should keep an accurate diary or similar record and supporting documentation of your losses and winnings.  For the type of documentation needed, please call our office and ask for form WI-US.99.

CALL OUR OFFICE FOR DETAILS

For further information please call our office at (905) 988-6426

Last revised: October 02, 2003.