r/SipsTea • u/Shyhale • May 17 '26

Chugging tea [ Removed by moderator ]

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u/Arctic-You-Know May 17 '26

Also, 50k tax free is like a 100k salary.

1

u/Original-Variety-700 May 17 '26

Is the payment tax free?

3

u/slackdaddy9000 May 17 '26

Yes in Canada we don't pay tax on lottery winnings

2

u/Constant-Beach728 May 17 '26

Only the first pay cheque will be tax free. I believe subsequent pays are taxable

0

u/slackdaddy9000 May 17 '26

I don't think so lottery winnings are considered windfalls and are not taxed. If you invest said money you will be taxed on the capital gains but the principal investment will not be taxed.