Gambling tax in Canada 2024

lottery winning tax canada
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52 of the Income Tax Act to be the fair market value at the time it is won This means that there is no capital gain if the prize is

Any amounts arising from any source, including lottery winnings, can be gifted to any person without Canadian tax implications Related Post

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lottery sambad 1809 23 You'll be glad to know that any prizes you win in a lottery are generally tax-free in Canada If you win something other than cash, such as