An American Playing Various Canadian Lottery Games

Reply #8

GASMETERGUY — Tue, 24 Apr 2012 00:24:41 GMT

Corporations do not pay U.S. taxes on money they keep overseas. When a company brings that profit into this country, they are required to pay taxes.

I wonder if the same rules apply to an American winning the Canadian lotto and keeping the money deposited in Canada? I would think so.

But I could be wrong. According to my wife I am always wrong. In fact, if a tree falls in the forest and no man is around to hear the tree fall, is he still wrong? Yep

Reply #7

Garfield — Sun, 22 Apr 2012 11:01:58 GMT

Thanks for the welcome and the many responses - all good to know

Reply #6

LottoGuyBC — Sun, 22 Apr 2012 08:55:28 GMT

If a US citizen wins the Canadian lottery, they would also be given the winning amount all at once, without any tax liability in Canada.

But the US tax code requires you to list this win on your US income tax form, and to pay taxes on it.

well that sucks

Reply #5

dallascowboyfan — Sun, 22 Apr 2012 08:05:43 GMT

Welccome to the LP Garfield.......

Reply #4

Coin Toss — Sun, 22 Apr 2012 04:14:32 GMT

Don't think it is for Americans, LottoGuyBC, from homepokergames.com:

Do I have to pay taxes on a lottery prize from another country?

Yes, US citizens are subject to taxation on income they make which comes from anywhere in the world, including gambling wins.

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,... [ More ]

Reply #3

LottoGuyBC — Sun, 22 Apr 2012 02:28:12 GMT

yeppers

Reply #2

PlayTwoWin — Sun, 22 Apr 2012 02:25:41 GMT

Isn't it all tax free there too

Reply #1

LottoGuyBC — Sun, 22 Apr 2012 02:21:51 GMT

you don't have to be a Canadian citizen to claim a Canadian jackpot

in person is prolly the best way to claim a Canadian jackpot

An American Playing Various Canadian Lottery Games

Garfield — Sun, 22 Apr 2012 00:03:15 GMT

Hello to all! Just registered and tendered my first posting. Been reading the board for about 5+ years.

I travel the 48 states and most Canadian provinces on business. As an avid lottery player, I also purchase Canadian lottery tickets on a regular basis whenever I'm north of the border. I'm always winning small stuff, just like in the states. If I know I won't travel to Canada for an extended period and possess winning tickets I will mail them in (with the exception of Ontario) and the va... [ More ]