Question for Canadians about gambling taxes?

Question

I've heard that Canadians aren't taxed on gambling winnings. But what if you're a business? Suppose you have a business that consists of a computer running an arbitrage sports betting program. The business makes money, but via making online sports wagers. Would that still be untaxed? Or is it only for individuals? And are there any attorneys that specialize in this aspect of the Canadian tax law? Thanks.

Answer 1

I believe the tax exemption applies to personal, individual winnings.

Answer 2

yeah, buying a lotto ticket is they only way you can get around that %50 tax for health care!