In Canada lottery prizes are not taxed so why do some experts say

canadian lottery tax
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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 safety

Ontario generated lottery sales of approximately billion Canadian dollars in 2021, making it the Canadian province with the highest A: For residents and resident aliens, percent in federal and state withholding taxes is deducted for every Lottery prize over $5,000 Current federal tax

dear lottery west bengal result Winnings from a Canadian lottery such as Lotto Max or 649 are considered to be windfalls, and windfalls are not subject to tax Even winnings In this video, I explain the income tax implications of winning a lottery or gambling in Canada