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Income tax in Canada

Income tax in Canada

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tax on lottery winnings canada
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Canada does not tax the winnings Speak with a tax lawyer before picking up any money

Such income is generally taxed at a flat rate of 30% Nonresident aliens generally cannot deduct gambling losses The only exception is Canadian As stated in Paragraph 40 of the Income Tax Act, Canadians do not have to pay taxes on gambling winnings This includes earnings from online casino

jackpot express slot big win tax-paid earnings , of a trust resident in Canada for a taxation year, means winnings on a bet, in connection with a lottery scheme or a pool Gambling and lottery winnings are indeed not taxable in Canada Why are we then taxes in the United States?

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