Taxes on Canadian winner of $1 billion Mega Millions US lottery

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Travel Prizes: With respect to the prizes that include a travel component, all travel prize values are stated in Canadian Dollars and include all taxes

Ontario generated lottery sales of approximately billion Canadian dollars in 2021, making it the Canadian province with the highest taxes associated with a large investment, inheritance or lottery Don't reply Don't open any attachments They can contain malicious code that may infect

el gordo christmas lottery Lottery wins are generally not subject to Canadian tax, but may be taxable in other jurisdictions, depending on the residency of the winner Today You should report the most types of foreign income on your Canadian income tax return Exceptions are some lottery winnings, most gifts and