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From: dave@utcsrgv.UUCP (Dave Sherman)
Newsgroups: net.misc,net.taxes
Subject: Re: A question for Canadian residents...
Message-ID: <3214@utcsrgv.UUCP>
Date: Mon, 30-Jan-84 22:23:48 EST
Article-I.D.: utcsrgv.3214
Posted: Mon Jan 30 22:23:48 1984
Date-Received: Mon, 30-Jan-84 22:30:43 EST
References: <778@ihuxi.UUCP>
Organization: The Law Society of Upper Canada, Toronto
Lines: 21

From: rcj1@ihuxi.UUCP:
--	I recently read that a Toronto couple won the Canadian
--	Lottery worth $13 million Canadian money.
--	Question is, the article said that the money was tax free!
--	Does this mean that the prize was greater then $13M and
--	taxes already taken out or Lottery winners are not subject
--	to any taxes? What's the scoop? Also this lottery is available
--	through the U.S Mail and if a person in the U.S. should win
--	their Lottery ticket could be confiscated at customs. True?

The prize was not greater. Lottery winnings are not "income" under the
Income Tax Act (Canada), while they are recognized for the purposes of
the U.S. Internal Revenue Code.

Confiscating tickets at U.S. Customs has nothing to do with whether they
are winning tickets or not. Lottery tickets may not be brought into the
United States and are shredded by Customs if they're found.

Dave Sherman
-- 
 {allegra,cornell,decvax,ihnp4,linus,utzoo}!utcsrgv!dave