What to do if you win the lottery

why are lottery winnings not taxed in canada
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Contest prizes and winnings from lotteries or gambling are not taxable in Canada, so this type of income does not have to be reported on

Some categories of winnings that are fully luck-based will always be seen as windfalls, such as lottery, slot machine, or roulette winnings  Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries,

3 lottery numbers 1000 baht each Following these principles, Canadian tax courts have generally accepted that windfall gains, gifts, inheritance, strike pay and lottery winning The Verdict – Lottery And Gambling Winnings Are Non-Taxable One of the great things about playing the lottery or gambling in Canada is that