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    4. If gambling losses are higher than gambling winnings do the winnings have to be counted as income?
    If gambling losses are higher than gambling winnings do the winnings have to be counted as income?

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    0  Views: 797 Answers: 3 Posted: 12 years ago
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      3 Answers

      Not in Canada. Same goes for lottery winnings.

      12 years ago. Rating: 3
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        Gamble winings are alsways taxable.Talk to your tax Adviser about how much you have to win before you count it on your taxs.Good Luck and Have a great day!!!!!!!!

        12 years ago. Rating: 3
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          Yes!

          12 years ago. Rating: 2
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