Taxes on Lottery & Gambling Winnings: What You Need to Know

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Child Tax Benefit Universal Childcare Benefit Child Symbol of the Government of Canada Government of Canada

Like the other poster mentioned lottery winnings are not taxed in Canada If they were taxed as income, you'd be paying $400,000 + in taxes, not Individuals resident in Canada are subject to Canadian income tax on worldwide income Relief from double taxation is provided through Canada's international

2 billion lottery winner edwin castro For parent and grandparent sponsorship, the sponsor in Canada will only be eligible if they exceed the MNI for three consecutive taxation years Canada uses a graduated, or progressive, tax system, which means that your annual income is taxed at progressively higher rates as it increases