39-1: The Law and Luck Archives - LawNow Magazine

Is Good Luck Taxable?

Easy Money There seem to be plenty of opportunities to win – big and small – in our lives, from lotteries to radio contests to a friendly wager with a friend.  Whether it’s $10 on who wins the golf game, or $10 million from the lottery, does the tax man share in our good fortune? […]

Authors:

Hugh Neilson
Hugh Neilson
Hugh Neilson, FCPA, FCA, TEP, is an independent contractor with Kingston Ross Pasnak LLP, and a member of the Video Tax News editorial board in Edmonton, Alberta.
 

Turning a Loss into a Win

I remember the morning well:  my mother had asked me to bring in the mail, and as I was sorting through it, a bright envelope with the sentence, “You Are A Grande Prize Winner” caught my attention.  My heart leapt; my family just won an astronomical amount of money!  When I showed the envelope to […]

Authors:

Stephanie Jansen
Stephanie Jansen is a student-at-law at the law firm of Attia Reeves in Edmonton, Alberta.
 

Canadian Regulation of Contests, Prizes and Games

Canadians like to participate in public, advertised contests and games.  We compete for prizes.  Most often we are unaware that the promoters of these events are governed by specific rules in relation to them. The law on contests, prizes and games is sometimes classified under marketing law.  A level playing field for these activities protects […]

Authors:

Peter Bowal
Peter Bowal
Peter Bowal is a Professor of Law at the Haskayne School of Business, University of Calgary in Calgary, Alberta.
 

Alexandra Brunet
Alexandra Brunet recently earned a B.Comm. from the Haskayne School of Business, University of Calgary (2015).
 


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