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are lotto winnings taxed in canada

are lotto winnings taxed in canada

Massive lottery winnings require careful management, expert says are lotto winnings taxed in canada The verdict? Canada doesn't tax citizens on financial windfalls Meaning? Pop the champagne because: Lottery winnings aren't taxable in Canada are lottery annuity payments guaranteed The amount or value of a prize received by a taxpayer from a lottery scheme is not taxable as either a capital gain or income This will be

are lottery winnings taxed in ontario In Canada, lottery winnings are not considered regular income, so they are not taxed like your job's salary would be Instead, they're seen as a windfall or a

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