Tax Implications of Canadian Windfalls - TurboTax

What To Do If You Win The Lottery In Canada? canadian lottery tax You'll be glad to know that any prizes you win in a lottery are generally tax-free in Canada If you win something other than cash, such as a canadian slot machines The CRA does not tax lottery winnings as the “luck” factor indicates that there was no prior expectation of profiting However, any income generated on your

canadian lottery tax Lastly, a nouveau comparison between Canadian income tax rate brackets and lottery tax rates and brackets reveals, without a doubt, that the lottery, in the