The Taxation of Poker and other Gambling Winnings in Canada
The Taxation of Poker and other Gambling Winnings in Canada
is lottery winnings taxable in canada
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Canadians are not taxed on lottery winnings, but any income earned by the winnings is taxable Tax laws change often and can vary This is why consulting with
Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%
is poker a skill game Lottery winnings must be claimed from the lottery jurisdiction that sold the ticket In General, Canadian tax authorities do not treat lottery, casino, bingo
is online poker safe However, if gambling winnings are received as part of business income or in the context of a business activity, then those winnings are taxable