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how to share lottery winnings with family without paying taxes

how to share lottery winnings with family without paying taxes

Are lottery winnings taxable in Canada? how to share lottery winnings with family without paying taxes Not only are trusts a great way to secure your winnings over time, but they can also help avoid the cost and time of probate for your family and beneficiaries how many lottery numbers do you pick Winning, receiving a share of a win or being gifted money has no tax implications on the initial amount and does not need to be reported to us

how to scan lottery ticket The initial lotto winnings won't be taxable The property will still be liable

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