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In Canada, lottery winnings are generally not considered taxable income. This applies to winnings from various forms of gambling including lotteries, casino games, and sports betting. The Canada Revenue Agency （CRA） does not tax these winnings as they are considered windfalls rather than earned income.
However, there are some exceptions to this rule. If you are considered a professional gambler whose primary source of income comes from gambling activities, your winnings may be subject to taxation. Additionally, any interest or investment income generated from your lottery winnings is taxable.
It\“s important to note that while lottery winnings themselves are tax-free, if you win a prize that is not cash （such as a car or house）, you may be responsible for paying taxes on the fair market value of the prize. Always consult with a tax professional for specific advice regarding your situation. |
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Post time 2025-10-21 18:22:03