In Canada, lottery winnings aren't taxable. Buying lottery tickets can't be claimed as a business expense, so paying tax on the winnings would be hypocritical. Of course, being hypocritical rarely stops governments.
Lottery winnings in Canada are always advertised in the "lump-sum payout" amount.
The threshold varies slightly depending on how many tickets are sold, but for Lotto 6/49 in Canada, any payout above about $32M is "in the money". This isn't common, but it does happen several times every year.
Lottery winnings in Canada are always advertised in the "lump-sum payout" amount.
The threshold varies slightly depending on how many tickets are sold, but for Lotto 6/49 in Canada, any payout above about $32M is "in the money". This isn't common, but it does happen several times every year.