Taxes on Canadian winner of $1 billion Mega Millions US lottery
Taxes on Canadian winner of $1 billion Mega Millions US lottery
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Winnings earned through recreational gambling are not typically considered taxable as regular income The Canadian government deems it unfair to tax many
Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments Leaving Canada for greener pastures? Your tax obligations back home may change, but filing Canadian taxes abroad doesn't have to be difficult
slot java gratis You would have to report your lottery winnings on your US tax return and pay taxes on them at your regular income tax rate You may also have Lottery winnings are not taxable in Canada We recommend that you contact a tax or legal professional with specific questions WHAT COSTS DO WINNERS HAVE AFTER