Tax advisory Baker Tilly Canada

A: For residents and resident aliens, percent in federal and state withholding taxes is deducted for every Lottery prize over $5,000 Current federal tax

Winnings from a Canadian lottery such as Lotto Max or 649 are considered to be windfalls, and windfalls are not subject to tax Even winnings

lottery in florida You'll be glad to know that any prizes you win in a lottery are generally tax-free in Canada If you win something other than cash, such as

lottery tennessee Taxes on Canadian winner of $1 billion Mega Millions US lottery · You will have a non-resident withholding tax of 30% withheld form the lottery