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If you won $1 million dollars in a lottery how much would you get after the taxes?

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Spitbak · 56-60, M

🤔In Canada...I'm not sure! They'd probably rape us like they do with everything else....pricks!

Serenitree · F

@Spitbak

According to the Canada Revenue Agency's windfall rules, if you win money from a lottery, you do not have to report the winnings nor pay tax on those funds. The CRA has not instituted a cap or limit on these winnings. However, if your winnings earn interest, the interest amounts will be subject to taxation.

Tax Tip: Taxes on Lottery Winnings | 2018 TurboTax® Canada Tips

https://turbotax.intuit.ca › tips › tax-tip-ta...

Spitbak · 56-60, M

😁Thank you sweets!@Serenitree

Serenitree · F

@Spitbak Now get out and buy that big ticket, and while you're at it, get one for me. 😂 Me! Yes! The one person over 18 who has never bought a lottery ticket.

Spitbak · 56-60, M

😏If I win, you and I are going on an SW date!😘@Serenitree