Capital Gains Tax: what you pay it on, rates and allowances -

are you taxed on lottery winnings in canada   Dan are lottery winnings considered income

Gambling winnings are not taxable if they do not constitute a business source of income;; Gambling losses are deductible if the gambling

These are taxed at normal income tax rates Income from winning from lotteries, crossword puzzles, etc , is taxed at a specified tax rate You Canada does not tax the winnings Speak with a tax lawyer before picking up any money

definition of lottery Lottery winnings are free from income tax in Canada, even if they're won in another country  To follow the law in Canada, if you owe taxes and don't file an income tax return, the Canadian Government can impose fines penalties or charge interest on