Are gambling winnings taxable in Canada?
Gambling winnings are not taxable. It also follows that there are no gambling losses taxes! Regardless if you are playing in an online or land-based casino, you can expect that your winnings will be tax-exempt. Even lottery winnings, big or small, are tax-free! If you are a professional gambler, however, it is a different story. Now that you know that gambling winnings are tax-free, it’s time to learn the nuances of taxation gambling winnings: https://casinovalley.ca/gambling-winnings-tax/
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