Myth: All lottery winnings are tax free Truth: Any lottery

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Good news: Lottery winnings are not taxable! Therefore, no federal or provincial taxes are payable on actual winnings However, revenue generated by this

Canadians to ask how they can test their lottery luck too On As always, Powerball winners could potentially face taxation issues

canada tax on lottery winnings 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

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