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is there tax on lottery winnings in canada

is there tax on lottery winnings in canada

Ontario Gambling Tax Guide in 2024 — Taxable or Not? is there tax on lottery winnings in canada tax treatment of different types of gambling income, and the potential deductions and credits is ace low or high in poker 52 of the Income Tax Act to be the fair market value at the time it is won This means that there is no capital gain if the prize is

is lottery taxed in canada winnings will be tax-exempt Even lottery winnings, big or small, are tax-free! If you are a professional gambler, however, it is a different story This

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