There is no gambling winnings tax in Canada if you are a recreational gambler The Canadian Revenue Agency generally keeps its hands off any money earned through gambling.
This interest is taxable Jan 03, 2020 Gambling winnings are fully taxable and you must report the income on your tax return.
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Gambling income includes but isn't limited to winnings from lotteries, raffles, horse races, and casinos.. Canada tax form for gambling winnings. It includes cash winnings and the fair market value of prizes, such as cars and trips.
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