Gift Tax on lottery winnings

is the lottery taxed in canada
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You must file a tax return if you are a resident of Canada for tax purposes and you earn income and owe tax lottery winnings and money gifts from your

The verdict? Canada doesn't tax citizens on financial windfalls Meaning? Pop the champagne because: Lottery winnings aren't taxable in Canada  No Canadian tax on lottery winnings There's state tax in the US and they will withhold 15% for federal tax which you can apply to have refunded

uae lottery ticket Lottery winnings and costs in the are treated exactly the same as any other gambling winnings and costs You can deduct the costs of a lottery ticket but If you are a Canadian resident and have had 30% tax withheld from winnings from a game show, according to an agent with the Internal Revenue