Are the winnings treated as income in the same way that interest would be, or are they considered prize money of some sort? In Canada, there is no tax on lottery winnings (unlike the states) but I suspect that is due to the fact that the government is the sole owner of such lotteries.
skjthan2 karma
Are the winnings treated as income in the same way that interest would be, or are they considered prize money of some sort? In Canada, there is no tax on lottery winnings (unlike the states) but I suspect that is due to the fact that the government is the sole owner of such lotteries.
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