Reddit Canada Weighs in on Lump Sum vs Monthly Lottery Payouts

website taxes on lottery winnings canada Canada does not tax the winnings Speak with a tax lawyer before picking up any money taxes on $2 million dollars lottery winnings Remember, you never have to pay to collect winnings from a legitimate lottery There are no other fees like duty, taxes, insurance, lawyers

taxes on lottery winnings canada You would have to report your lottery winnings on your US tax return and pay taxes on them at your regular income tax rate You may also have to  If a Canadian won the Mega Millions, the IRS will hold back $ million! Dealing with the IRS is difficult and complicated Refund Management Services can  included in your Canadian taxable income, lottery winnings, gifts, inheritances, life insurance awards, strike pay, interest earned on a Tax

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