Lotto 6/49
Wed, November 28, 2018
3 17 21 29 47 49 Bonus 7
Guaranteed Prize Draw
10183568-01
👀
The Lotto 649 Jackpot of $19,813,534.10 was won by a ticket sold in British Columbia.
Six tickets matched 5 + The Bonus were sold in British Columbia (1),Ontario (3)and Quebec (2) each winning $43,347.10 .
The Estimated Jackpot for Saturday, December 1, 2018 - $5,000,000.
According to the Canada Revenue Agency's windfall rules, if you win money from a lottery, you do not have to report the winnings nor pay tax on those funds. The CRA has not instituted a cap or limit on these winnings. However, if your winnings earn interest, the interest amounts will be subject to taxation.
An exception does apply, however, if the lottery winnings are considered to be a part of your income. For example, if your workplace has a drawing and you win a cash prize, you must report your winnings as income, making them taxable. Similarly, if you sell lottery tickets and earn a commission for selling winning tickets, you must report your winnings as income.
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