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

Gambling tax guide for Canada 2024 - canada lottery winnings tax The amount or value of a prize received by a taxpayer from a lottery scheme is not taxable as either a capital gain or income This will be canada dv lottery 2025 registration Not in Canada Here, Canadian lottery winnings are considered windfalls, which are tax free However, if you visit the US and win an American

canada visa lottery 2024 registration 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