Premium Bonds for my son
 

Hi

My father has purchased british premium bonds for my son (his grandson) and he has managed to find out that even though we are in Canada there is no obstacle with location I just have to give our address and my sons birth certificate. As the premium bonds are tax free with any interest or winnings gained in the UK he is trying to find out whether there would be any Canadian tax implications, I have no idea if there is and the UK premium bond people don't know either.

Any body out there can answer this or guide me?

Re: Premium Bonds for my son
 

No tax implications in Canada. Gaming/Lottery/Chance winnings are not taxed in Canada unless you are a professional gambler.