Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous

canada tax on lottery winnings
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Reporting Gambling Winnings You'll report the income and the taxes already paid on it under Other Income on your Form 1040 tax return when you prepare your

You would have to report your lottery winnings on your US tax return and pay taxes on them at your regular income tax rate You may also have to

canada lottery winners All lottery winnings are tax-free Are lottery winnings taxable? Lottery winnings are considered a windfall and not taxable in Canada For details regarding

canada lottery winner 3 Canada won't tax your winnings Powerball winnings are subject to taxes in the , but not in Canada The IRS will take at least