Excerpts from page A13-
“These days… he puts in three to four hours a day, usually starting at 11am.”
“Gambling winnings – Wilson prefers not to call it income – are not taxable in Canada.” — “Canadian law has traditionally held that gains from gambling are incidental to the ‘entertainment’ of gambling even when earnings from gambling form the majority of one’s income..”
[It’s unclear from the article what exactly Wilson’s annual income amounts to, but we read that his online account balance at PartyPoker is $270,000 (after tax, one presumes), and that he’s won $20K to $55K in 6 different US tournaments.]
“In the open family room of Wilson’s house, Kristel gets the kids Kyle, 7, Destiny, 4, Raine, 1, and newborn Sadie dressed and fed. If she minds her husband playing cards for a living, it doesn’t show. “It leaves him a lot of time for the kids and for leisure,” she said. That, and their new White Rock home was assessed at $1.5 million”
This anecdote lifted from the Vancouver Sun will be archived in the ’05. Where do Buyers get the money? (archive)’ page HERE.