The Lottery is a Tax on
The Lottery is a Tax on
Gambling is a regulated activity in Canada that is only legal when it is managed by a provincial government The BC Lottery Corporation manages
Benjamin Alarie, The Taxation of Poker and other Gambling Winnings in Canada 59:4 Canadian Tax Journal 731-763 the lottery corporations' odds with This also applies to most winnings sponsored by charitable lotteries or sweepstakes The CRA does not tax lottery winnings as the “luck” factor indicates that
shining crown slot No Canadian tax on lottery winnings There's state tax in the US and they will withhold 15% for federal tax which you can apply to have refunded Any amounts arising from any source, including lottery winnings, can be gifted to any person without Canadian tax implications Related Post
