Businesses - Tax information newsletter, Issue: 2014-02

July 9, 2014

What's new for lottery ticket retailers?

Did you know?

As of January 1, 2014, lottery ticket retailers must now include as income the amount or value of any prize received from a provincial lottery corporation for selling a winning ticket. As with any business income, taxpayers must report all taxable amounts received in a year on that year's income tax and benefit return.


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