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Terb Lotto group 13 Dec - $30 Maxmillions +$50 Millions

trod

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Aug 3, 2009
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What if there is a 50 million winner AND 50 maximillion winners. Does OLG have the 100 million ready ? :p
 

Fred Zed

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Dec 31, 1969
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Thats reassuring lol.

I do wonder though, if you win the jackpot or other amount and it is not taxable as OLG says, you would still need to declare it when filing income taxes as 'other income' right ?
No you don't, but you do have to declare interest paid on your winnings.
Also if you owe the govt any money, they may collect it from your winnings.
 
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