How Taxes on Lottery Winnings Work
How Taxes on Lottery Winnings Work
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Lottery winners have the choice between receiving their winnings as a lump sum or as an annuity · A lump-sum payment provides a smaller immediate payout, while
money away to family as a gift, this could affect your benefit Income from your lottery or gambling winnings If you invest or save the money you have won Payout Office Tickets purchased in lottery jurisdictions outside the Western Canada Lottery Corporation must be claimed from the address located on
post office lottery Invest at least half the remaining balance This is what is going to secure your future If you commit to investing this money for the long term How long after winning the lottery do you get the money in Canada? You'll usually get the money within a week or so Winners can claim their prize at any
