tax on lottery winnings canada
Im a dual citizen in ontario canada If I win 1 million
tax on lottery winnings canada
tax on lottery winnings canada
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tax on lottery winnings canada That's because CRA doesn't deem Olympic awards “prescribed prizes,” which are tax-free Such prizes include lottery winnings and awards like the Nobel Peace According to Paragraph 40 of the Income Tax Act, gambling winnings, whether from online or land casinos, sports betting, or horse racing, are tax-free for Truth: Any lottery winnings that allow you to receive your winnings as a lump sum are tax-free
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