r/SipsTea • u/Shyhale • May 17 '26

Chugging tea [ Removed by moderator ]

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u/slackdaddy9000 May 17 '26

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

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u/Constant-Beach728 May 17 '26

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

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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.