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Get Ticket Lottery - Report - Government Of Nova Scotia
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How to fill out the Ticket Lottery - Report - Government Of Nova Scotia online
The Ticket Lottery - Report - Government Of Nova Scotia is a crucial document that organizations must complete to report lottery activities. Properly filling out this form ensures compliance with regulations and accurate reporting of revenue and expenditures.
Follow the steps to successfully complete the Ticket Lottery report online.
- Click ‘Get Form’ button to obtain the form and open it for filling out.
- Enter the name of your organization in the designated field.
- Provide your organization's telephone number in the appropriate section.
- Fill in the dates of the lottery draw(s) to indicate when they occurred.
- Input the organization's address and postal code for accurate identification.
- Report the revenue details: enter the number of tickets printed, sold, unsold, price per ticket, and total revenue from ticket sales.
- Attach a sample of the lottery ticket as stipulated in the instructions.
- List the recipients of the lottery revenue, including their telephone numbers, addresses, and postal codes.
- Detail all expenditures: calculate and input the amounts for advertising and printing costs, wages and salaries, other expenses, and prizes.
- Calculate the total license fees, based on 2.13% of the total retail prize value, and enter it in the appropriate field.
- Determine the net profit or loss by subtracting total expenditures from total revenue, and document the result.
- Indicate the method of payment (cheque or money order) if applicable, and provide the bank or financial institution details.
- Sign and date the declaration section to certify the accuracy of the information provided.
- If additional financial information is required, complete the reverse side of the form following the specified guidelines.
Complete your Ticket Lottery Report online and ensure compliance with government regulations.
Ticket Lottery Licence (over $4,000) Charities, religious organizations and non-profit community organizations need a Ticket Lottery Licence to run a ticket raffle with total prizes valued at over $4,000.
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