Im a dual citizen in ontario canada If I win 1 million

canada lottery tax
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For parent and grandparent sponsorship, the sponsor in Canada will only be eligible if they exceed the MNI for three consecutive taxation years

No Prizes won are not taxable and therefore the ticket purchase cannot be used as a tax deduction HOW DOES THE 5050 ADD-ON WORK? The 50

canada lottery ticket price The CRA does not tax lottery winnings as the “luck” factor indicates that there was no prior expectation of profiting However, any income generated on your

canada lottery winnings tax Because lottery winnings are not taxable, lottery tickets are not tax deductible Lottery winnings are considered a windfall and not taxable in Canada