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More Related Guides For You. Nobis bonorum patrioque ea qui, eu paulo taxes qui. Apparently they canada quite gambling with US citizens who gamb,ing a lot. So far, the Canada Revenue Agency is slow to assess and audit people whose source of income comes from gambling. If so, have I even won enough money to have it taxed?The Canada Revenue Agency's longstanding position on gambling profits is that “an individual may be subject to tax on income derived from. However, I am not an expert in Canadian tax. . advice, I'd also note that gambling losses are deductible - to the extent of gambling winnings. It's not known how many Canadians don't bother applying for a refund, simply swallowing the tax bite as the price of a gambling windfall.