Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10 5/3/83; site utcsrgv.UUCP Path: utzoo!utcsrgv!dave 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