Here in Canada, the lottery is tax free, because if it was taxable the

website are you taxed on lottery winnings in canada You should report the most types of foreign income on your Canadian income tax return Exceptions are some lottery winnings, most gifts and are slot machine bonuses predetermined The good news is that in Canada, your winnings are usually tax-free! Lotteries Winnings from a Canadian lottery such as Lotto Max or 649 are

are you taxed on lottery winnings in canada You become a resident of Canada for tax purposes when you establish significant residential ties in Canada lottery winnings most gifts and inheritances  In Canada, you do not need to report your lottery winnings as part of your taxes However, the interest you do earn when you invest lottery  Any amounts arising from any source, including lottery winnings, can be gifted to any person without Canadian tax implications Related Post

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