How Taxes on Lottery Winnings Work

Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous are lottery tickets tax deductible Is my ticket purchase tax deductible? No, lottery tickets are not tax deductible; even though proceeds support a charitable cause 14 Where do the proceeds are poker cards the same as playing cards Are lottery tickets tax-deductible? Yes IRS rules for gambling losses apply to lottery tickets The cost of those tickets can be taken as

are lottery winnings taxable in canada Depending on your other income and deductions, amounts withheld by the Lottery on your winnings may or may not be sufficient to meet your total tax obligation