18-year-old wins $48 million Canadian dollars after

Winning the lottery can be a dream, but you have to pay taxes on prize money Learn more about taxes and hidden costs when claiming your lottery prize

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Winning the lottery can be a dream, but you have to pay taxes on prize money Learn more about taxes and hidden costs when claiming your lottery prize

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Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

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Canadian residents who win prizes or awards, including gambling winnings, will pay a 30-per cent withholding tax to the IRS If you've got