Canada US Taxes

Winning Big While Gambling In The U.S. Can Bring Tax Pain

Cleo Hamel | Posted 11.23.2015 | Canada Business
Cleo Hamel

Unlike Canada, the U.S. does not let you have lottery or gambling wins tax-free. So whether you are playing fantasy sports sites based in the U.S., gambling in Vegas or playing a U.S. lottery, you can expect the Internal Revenue Service (IRS) to be interested in your winnings.

Privacy Watchdog Warns Dual Citizens At Risk Of 'Over-Collection'

CP | Julian Beltrame, The Canadian Press | Posted 07.14.2014 | Canada Business

OTTAWA - Canada's privacy watchdog is urging the federal government to protect the personal information of Canadians affected by a new tax-information...