Tax Implications for Canadians

[sabres16]

Hi there,

I am thinking of joining one of the live drafts in Vegas, however want to ensure that any winnings are not taxed.
Winnings on slot machines etc in Vegas are taxed on the spot, which I understand, however should I win a large prize I want to make sure I get the full amount.
I realize you report to the IRS, but Canadians are not taxed for such winnings,

Thanks,
Mark

[Tom Kessenich]

Hey Mark, as a Canadian you will not need to fill out a tax form as a prize winner should you win prizes from us. That is correct. So you're free to sign up without that to worry about.

[Money]

Hi there,

I am thinking of joining one of the live drafts in Vegas, however want to ensure that any winnings are not taxed.
Winnings on slot machines etc in Vegas are taxed on the spot, which I understand, however should I win a large prize I want to make sure I get the full amount.
I realize you report to the IRS, but Canadians are not taxed for such winnings,

Thanks,
Mark

If I were Chad Schroeder I'd be looking into Canadian citizenship right now!