In Canada lottery prizes are not taxed so why do some

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Windfalls, such as lottery winnings, inheritances, and certain types of gifts, are typically not subject to income tax—though their investment

In this video, I explain the income tax implications of winning a lottery or gambling in Canada  Gambling income isn't just card games and casinos; it also includes winnings from racetracks, game shows, lotteries, and possibly even bingo Certain special

holy 789 slot Some categories of winnings that are fully luck-based will always be seen as windfalls, such as lottery, slot machine, or roulette winnings  No, lottery winnings in Canada are not taxable, though any money made from such winnings is For example, if you deposit your winnings in a bank