Are Lottery Winnings Taxed in Canada? What You Need to Know

Are Lottery Winnings Taxed in Canada? What You Need to Know are lottery winnings taxed in ontario While professional gamblers are subject to taxes appropriate to their line of business, Canadian citizens who gamble as amateurs benefit from an exemption on are lottery annuity payments guaranteed Good news: Lottery winnings are not taxable! Therefore, no federal or provincial taxes are payable on actual winnings However, revenue generated by this

are lottery annuity payments guaranteed tax this BUT would I have to pay the IRS as lottery winnings in the US are taxed? Does it make a differenct im in Canada? thanks Answered

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