Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous

Taxes on Lottery Winnings for US Expats & Nonresident Aliens tax on lottery winnings canada If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding taxes taken out of lottery winnings Ontario generated lottery sales of approximately billion Canadian dollars in 2021, making it the Canadian province with the highest

taxes on lottery Net lottery winnings are the total amount of winnings that remain after subtracting the cost of the lottery ticket The exact amount of tax