Im a dual citizen in ontario canada If I win 1 million

website lottery winning tax canada No, lottery winnings in Canada are not taxable, though any money made from such winnings is For example, if you deposit your winnings in a bank lottery result 22 1 24 Are there taxes to be paid on lottery wins? In Canada, most lottery winnings are tax-free, however the income generated from the winnings is taxable Is

lottery winning tax canada Income not taxed · gifts and inheritances; · death benefits paid from a life insurance policy; · lottery winnings; · winnings from betting or gambling for simple  Lottery winnings taxes follow the same regulations applied to gambling winnings, as you don't have to pay any taxes on direct profits However, as with casino  In General, Canadian tax authorities do not treat lottery, casino, bingo and tax implications of a particular prize to a prize winner Publicizing

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