Canadians don't usually pay tax on contest winnings, but what happens if they win in the U.S.? Learn how cross-border prize taxes work for Canadians and Americans alike.
You hit the jackpot. Life-changing money. But then reality kicks in—if you’re in the U.S., a big chunk disappears before you even see it. Meanwhile, Canadians keep everything. So what’s the deal with that?
Won a $500,000 lottery prize from a ticket your spouse bought, and now divorce is on the table? Here’s how courts may look at lottery winnings, marital property, and who might really own the money.
