What Taxes Are Due on Gambling Winnings?

Such income is generally taxed at a flat rate of 30% Nonresident aliens generally cannot deduct gambling losses The only exception is Canadian

Personal income tax applies to all income sources of residents of Canada; except for such amounts as gifts, inheritances, lottery winnings, and veterans

how to play jacks or better video poker Lottery winnings are free from income tax in Canada, even if they're won in another country National mania: Customers wait in line at the

how old you have to be to play lottery In Canada, on the other hand, tax authorities do not consider lottery winnings to be taxable for Canadian income tax purposes, the Ontario