Do You Need to Pay Tax on Lottery Winnings?

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It will be only a matter of time before the LIBNDP brings in a new tax on Lottery winnings Canada · World · Financial Post · NP Comment

Note Income earned on any of the above amounts is taxable  However, if gambling winnings are received as part of business income or in the context of a business activity, then those winnings are taxable

白虎a片 You should report the most types of foreign income on your Canadian income tax return Exceptions are some lottery winnings, most gifts and Although lottery winnings aren't taxable in Canada, the owner of a lottery home may have to pay a capital gain tax if they choose to sell the house