How much tax would you pay on winning the Million dollar

How much tax would you pay on winning the Million dollar canada lottery tax Indeed, provincial and federal governments in Canada derive a substantial sum of revenue from excise taxes on alcohol and tobacco as well as canada lottery online The tax was intended to broaden the tax base and tax income from investments The rate when first implemented was 50 per cent, though it has

canada lottery online Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no

canada tax on lottery winnings Income that's not taxable · Most lottery winnings · Most inheritances and gifts · Canada Child Benefit payments · GSTHST credit payments · Payouts from a life Lottery winnings are free from income tax in Canada, even if they're won in another country National mania: Customers wait in line at the