Income Tax Act ( RSC , 1985, c 1 )

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You only have to pay Capital Gains Tax on your total gains above an annual tax-free allowance betting, lottery or pools winnings When someone dies

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broadway digital lottery Good news: Lottery winnings are not taxable! Therefore, no federal or provincial taxes are payable on actual winnings However, revenue generated by this Q: Can a resident of Canada purchase Minnesota State Lottery tickets? If a Canadian citizen wins, how would the payment be made and how are the taxes paid?