Is it true that Canadian citizens don’t pay taxes on lottery wins?
If a Canadian wins the Canadian lottery, the funds are given to the winner in cash, with no tax liabilities ever.All lottery payments are in cash, with no deductions. These winnings are not taxable in Canada if you win on this lottery. There is no further liability for any amount, and you actually get 100% of the prize amount that is forecast.
This probably isn’t the most reliable source, but I know this to be true. Lottery winnings in Canada are tax free. Which reminds me I have a ticket from Wednesday I didn’t check and now it is at home…
As for high taxes, my flatmate is from Ohio here on a Visa. He says his income taxes aren’t all that much higher than they were in the US (maybe 2%). We do have the GST/PST, but you get part of that refunded in your return most of the time. Plus there’s the whole universal health care thing that we get out of that…. My flatmate says his total extra taxes paid out are far less than his insurance deductables were had he gotten sick back home (not that he is sick, but if…).