Massive lottery winnings require careful management, expert says

However, if gambling winnings are received as part of business income or in the context of a business activity, then those winnings are taxable

Massive lottery winnings require careful management, expert says The amount or value of a prize received by a taxpayer from a lottery scheme is not taxable as either a capital gain or income This will be

However, if gambling winnings are received as part of business income or in the context of a business activity, then those winnings are taxable

aressing Are lottery winnings in Canada taxable? ✓ What's the tax when Canadians the jackpot? ✓ All about whether winnings are taxable in Canada

the winning amount, organised by the Lotto department Results are also Taxation in the European Union: Insights from the United States and Canada

are lotto winnings taxed in canada Although lottery winnings aren't taxable in Canada, the owner of a lottery home may have to pay a capital gain tax if they choose to sell the house

Lottery wins are generally not subject to Canadian tax, but may be taxable Lottery winnings are not taxed in New Zealand References edit ^ Liberto