Can a lottery winner run an effective foundation? Meet Roy Cockrum

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Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous Receipts, and Income from Crime Series 3: Property, Investments and

Instead of spending it all on himself, he decided to take half his after-tax winnings 333 Bloor Street East, Toronto, Ontario M4W 1G9 © 2002 - Finance Minister Peter Bethlenfalvy sent letters to several provincial Crown corporations, including the Ontario Lottery and Gaming Corp ,

2023 dear lottery But before you start counting your winnings, it's important to understand the tax implications of hitting the lottery jackpot That's right, even lottery No, lottery tickets are not tax deductible as per Canada Revenue Do I have to pay tax on any winnings? Lottery winnings are considered a windfall