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Are lottery winnings taxable in Canada?

Are lottery winnings taxable in Canada?

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canada lottery tax
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No Prizes won are not taxable and therefore the ticket purchase cannot be used as a tax deduction HOW DOES THE 5050 ADD-ON WORK? The 50

A: For residents and resident aliens, percent in federal and state withholding taxes is deducted for every Lottery prize over $5,000 Current federal tax Lottery wins are generally not subject to Canadian tax, but may be taxable in other jurisdictions, depending on the residency of the winner Today

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