Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous

Most lottery winnings are exempt from tax under section 87 of the Indian Act However, if you earn any interest on lottery winnings, it is

Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous Gambling winnings are not taxed in Canada, whether it's from a lottery, horse race or casino jackpot It comes as a surprise to many

Most lottery winnings are exempt from tax under section 87 of the Indian Act However, if you earn any interest on lottery winnings, it is

aressing Canadian lottery winnings aren't taxable Whether you win $20 or $2 million — or even $20 million — you get to keep every last cent Not so if

Canadian lottery winnings aren't taxable Whether you win $20 or $2 million — or even $20 million — you get to keep every last cent Not so if

are lucky dips more likely to win But before you start counting your winnings, it's important to understand the tax implications of hitting the lottery jackpot That's right, even lottery

Ontario subject to amendments made in 1902 In the Straits Settlements , Jamaica and British Guiana there are ordin- ances directed against gambling and