Myth: All lottery winnings are tax free Truth: Any lottery
Myth: All lottery winnings are tax free Truth: Any lottery
canada lottery winnings tax
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Remember, you never have to pay to collect winnings from a legitimate lottery There are no other fees like duty, taxes, insurance, lawyers
Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no
canada post slot of doom As a result, substantial winnings, typically those over $1,200, are subject to a 30% withholding tax Winning US$1 million playing the Powerball means receiving
canada online poker DO I HAVE TO PAY TAX ON ANY WINNINGS? Lottery winnings are considered a windfall and not taxable in Canada If a real estate prize winner is not a Canadian