$ billion Mega Millions: How is the lottery taxed in CA?

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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

Determine if your gambling winnings are exempt from federal income tax and if you're eligible to claim a refund of withheld taxes  tax-paid earnings , of a trust resident in Canada for a taxation year, means rules, as at the end of its immediately preceding taxation year,

reseña slot vikingos gold Winnings from a Canadian lottery such as Lotto Max or 649 are considered to be windfalls, and windfalls are not subject to tax Even winnings Are lottery prizes taxed? Generally speaking, lottery wins in Ontario are not taxed In the event an annuity or for life prize is won, arrangements are made