do they tax lottery winnings in canada
Gambling tax in Canada 2024
do they tax lottery winnings in canada
do they tax lottery winnings in canada
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do they tax lottery winnings in canada You should report the most types of foreign income on your Canadian income tax return Exceptions are some lottery winnings, most gifts and Income not taxed · gifts and inheritances; · death benefits paid from a life insurance policy; · lottery winnings; · winnings from betting or gambling for simple In general, the government of Canada does not impose taxes on gifts Regardless of the amount, you may not declare any gift or inheritance on your income tax
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