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Port Perry Weekend Star, 18 Feb 2000, p. 11

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PORT PERRY "WEEKEND STAR" EE RET aa-------- rr iinE-----. aad FRIDAY, FEBRUARY 18, 2000 - 1 Getting a tax return on your US gambling winnings Did you win money in the U.S.? If so, you may have had U.S. tax deducted from those winnings. And you may be wondering ° whether you can get those taxes back. You may be able to obtain a refund of some or all of the tax withheld for 1996 and later years. Article XXII(3) of the Canada-U.S. tax treaty allows non-resi- dents to deduct gambling losses from gambling win- nings in the same way as residents. This means that tax is payable only on the net amount, not the gross amount of your winnings. However, to take advantage of this provision, you must be able to prove the amount of your losses. This means you must keep an accurate diary of your loss- es and winnings, and save all your gambling receipts, tickets and statements. Since proceeds from blackjack, baccarat, craps, roulette, or Big-6 wheel are not taxable to non-resi- dents, any wagering losses incurred from these games may not be claimed. However, you may claim losses from keno, slot machines, table games (poker, wheel of fortune, etc.), bingo, racing, and lot- teries. To substantiate your losses, you must keep a diary which includes the following information: the date and type of your spe- cific wager or wagering activity, the name and address of the gambling establishment, the names of other persons present with you at the gambling establishment, and the amounts you won or lost. In addition you should keep all supporting docu- mentation, such as wager- ing tickets, cancelled cheques, credit records, bank withdrawals, and statement of actual win- nings or payments slips provided to you by the gambling establishment. Losses can only be deducted to the extent of your wagering gains during the year, and may be claimed on the non-resi- dent tax form 1040NR. As a U.S. non-resident, there is no other way to obtain a legal refund of taxes with- held. Therefore, when you head south for some gam- bling fun, you may wish to keep a diary and save all your gambling receipts, just in case you hit the jack- pot. Courtesy of, Kathleen White, HER Block, Port Perry, ON. Van Camp Horticulture Society to meet at the Brooklin United Church The guest minister at Burns on Sunday morning was Mr. Graeme lllman. He delivered a very inspir- ing sermon den topics have been arranged for your enjoy- ment and benefit. Your membership entitles you to many extras "The Two M o s t Important Questions" based on | Peter 2: vs. 9. The choir sang "Great is Thy Faithfulness." Brooklin Horticultural Society will meet on Wednesday, Feb. 23 at 8 p.m. at Brooklin United Church. This will be the first meeting in the new year and its membership renewal time once again. Last year's membership night brought out record numbers of members and new folks eager to join. We look forward to more of the same this year. I'm sure many excellent speakers with varied gar- Florence Ashton A St lL in the society i.e. the year book, newslet- ters throughout the year, etc. Plan to join with us this month to renew your membership or perhaps even to become a new member. We welcome "you. Thursday, Feb. 17 is euchre night again at the Community Centre at 8 p.m. Burns Kirk Guild are sponsoring a bus trip to Stratford on Wednesday, May 24 to see the musical stage performance of "Fiddler on the Roof." If you would like to join with us, call Margaret Davis at © 655-4825 for information. & Keller CHARTERED ACCOUNTANTS, LLP oe Income Tax Planning & Return Preparation Personal Tax Returns Electronically Filed Preparation of Government Returns (T4's, 15's) Financial, Estate and Retirement Planning | INDIVIDUALS CORPORATIONS SMALL BUSINESS FARMS | 204 Casimir Street, Port Perry Telephone (905) 985-9725 Toll Free 1-800-215-3852 Applications are now being received at the Scugog Memorial Library for THE KENT FARNDALE BURSARY FOR THE ARTS Open to any resident of Scugog wishing assistance in pursuing a specific field of art. _ SCUGOG FINANCIAL _! ---- SERVICES INC. IT'S WORTH THE DRIVE TO PORT PERRY! GUARANTEED.INV.ESTMENIS.. wn onts 0 Annual Rates © GIC RRSP 5.750% 6.250% 6.500% 6.550% 6.725% " Please return completed application forms to the library by March 15, 2000 2 YEAR CASHABLE AFTER 120 DAYS MINI MINIMUM $1.000. 000. 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