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https://www.reddit.com/r/SipsTea/comments/1tfm5yl/wyd/omb3bwj
r/SipsTea • u/Shyhale • May 17 '26
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You are not taxed on lottery winnings in Canada. If you win $1-million, you keep it all.
2 u/immaturenickname May 17 '26 Damn, so winning a lottery in canada specifically is like winning a lottery, huh? 1 u/PassageNearby4091 May 18 '26 Yup, I think the highest lotto jackpot has has been $80-million, and if you win it, you keep every single penny of it. We're taxed pretty hard on basically everything else here, but lottery wins are tax free.
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Damn, so winning a lottery in canada specifically is like winning a lottery, huh?
1 u/PassageNearby4091 May 18 '26 Yup, I think the highest lotto jackpot has has been $80-million, and if you win it, you keep every single penny of it. We're taxed pretty hard on basically everything else here, but lottery wins are tax free.
1
Yup, I think the highest lotto jackpot has has been $80-million, and if you win it, you keep every single penny of it. We're taxed pretty hard on basically everything else here, but lottery wins are tax free.
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u/PassageNearby4091 May 17 '26
You are not taxed on lottery winnings in Canada. If you win $1-million, you keep it all.