Winning numbers drawn in Monday's Powerball

Income Tax Implications Of Winning A Lottery Or Gambling In Canada are lottery winnings taxed in ontario No, lottery winnings in Canada are not taxable, though any money made from such winnings is For example, if you deposit your winnings in a bank are lottery annuity payments guaranteed The answer is no — so you can happily gift some of your lottery winnings tax-free on all sides Remember, inheritances and gifts aren't taxable

aressing Winning the lottery can be a dream, but you have to pay taxes on prize money Learn more about taxes and hidden costs when claiming your lottery prize