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From: dave@utcsrgv.UUCP (Dave Sherman)
Newsgroups: net.misc,net.taxes
Subject: Re: A question for Canadian residents...
Message-ID: <3218@utcsrgv.UUCP>
Date: Tue, 31-Jan-84 11:58:47 EST
Article-I.D.: utcsrgv.3218
Posted: Tue Jan 31 11:58:47 1984
Date-Received: Tue, 31-Jan-84 12:42:42 EST
References: <5196@uiucdcs.UUCP>
Organization: The Law Society of Upper Canada, Toronto
Lines: 21

Quoting preece@uicsl.UUCP:
--	Apparently Canada, like England, doesn't consider lottery/pool
--	winnings to be taxable income.  Seems a reasonable position if
--	you're running an official state lottery.

The reason has nothing to do with it being an official state lottery.
Lottery winnings were non-taxable in Canada long before government lotteries
began (originally to finance the 1976 Montreal Olympics).

The Canadian tax system generally recognizes income attributable to
a "source", such as employment, business, or property. Windfalls (e.g.,
finding money on the street) are not considered to have a source,
and do not have the characteristics of income. This is in contrast to
the U.S. law, which considers windfalls to be income.


Dave Sherman
The Law Society of Upper Canada
Toronto
-- 
 {allegra,cornell,decvax,ihnp4,linus,utzoo}!utcsrgv!dave