5 things you need to know about claiming your lottery prize

Lump sum or annuity? · Document that the winning ticket is YOURS · Don't tell anyone yet! · Get a lawyer and a financial adviser · Do you take the

Lottery winnings are considered windfall gains and are taxable as 'Income from Other Sources' under the Income Tax Act, irrespective of how the

where to cash lottery tickets near me Lottery winnings and Inheritance Tax If you win the lottery, the money you win becomes part of your estate That means that if you pass away,

where was the unclaimed lottery ticket bought If the prize is $600 or more, a long claim form will print The retailer must give you back the original ticket and the blank claim form All winning tickets