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Are online winnings taxable?

Region: Ontario Answer # 5631

No. In most circumstances, you do not have to pay tax on money won from online gambling. Earnings that are always based on chance are considered windfalls (unexpected earnings) by the Canada Revenue Agency and are not taxable and do not have to be reported on your tax return.

For more information, refer to 5605 Do you have to pay tax on winnings?







								

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