Income tax in Canada
In Canadian income tax law, winnings from gambling are taxable when they constitute “income from a source ” What is not clear is the basis for determining when
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Windfalls, such as lottery winnings, inheritances, and certain types of gifts, are typically not subject to income tax—though their investment
does 7 eleven sell lottery tickets Taxes: Lottery winnings in Canada are not taxable Neither is a life insurance payout to a beneficiary Inheritances are generally not