In Canada lottery prizes are not taxed so why do some

In Canada, most lottery winnings are tax-free, however the income generated from the winnings is taxable Is safety a concern for major winners? Everyone will

I don't want to leave Canada ” He'll likely put his winnings in GICs and live off the interest, which would be “more in a month than I make in a

tax on winning lottery 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

tax for lottery in india If the income is considered gambling winnings, it would not be taxable in Canada As a Canadian with US winnings, you will receive either a 1099-misc or a