Casino winnings taxable? - Canadian Cruisers

are lottery winnings taxable in canada
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Following these guidelines, Canadian tax courts have typically agreed that unanticipated gains, gifts, inheritances, strike pay, and lottery winnings are not

Winnings from a Canadian lottery such as Lotto Max or 649 are considered to be windfalls, and windfalls are not subject to tax Even winnings That doesn't mean they don't need to be reported on your US tax return though Any gambling winnings, which include foreign lottery prizes, are

slot game real money A: Yes, foreign lottery winnings are taxable by the IRS in the US Do remember that if You'll be glad to know that any prizes you win in a lottery are generally tax-free in Canada If you win something other than cash, such as a