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Are Lottery Winnings Taxed in Canada?

We’ve all heard about those insane lottery jackpots around the world. Whether it’s a billion-dollar US Powerball draw or million-euro jackpots from EuroMillions, there’s really no reason not to try your luck! You might be thinking; how can I play? If you’re in Canada, there aren’t many lotteries to play and the prizes are nowhere near as high as those in the US or Europe!
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