Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous

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Lottery winnings are not taxable in Canada Is there capital gains tax on the house if I sell it? Winning a house is a lottery prize

Taxes: Lottery winnings in Canada are not taxable Neither is a life insurance payout to a beneficiary Inheritances are generally not Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

docp-141 is the official website of the province of Prince Edward Island Learn about Prince Edward Island and government services available to Canada , the tax unit is the individual , but there are tax credits based on lottery winnings are excluded in Canada , but the United States taxes