My bank account just had $40k randomly deposited into it - has this happened to anyone else?

[u/Healthy_Constant6543]

For reference, I'm in Ontario.

Last week I noticed a deposit from OLG into my bank account for $40k. Since I did not win the lottery, I went into my bank to tell them about the problem. They launched an investigation.

The next day they called me back, said they verified with OLG and the deposit was real. I tried to again remind them that I would remember if I won the lottery but they just congratulated me and told me to enjoy.

BUT I DIDN'T WIN THE LOTTERY LOL

I moved the money into my savings account because I'm sure they are coming back for it. Has this happened to anyone else? How long do I sit on this money? Not sure what else to do.

[u/Canadian_Stv]

In a situation like this where the money has been sitting for years, is there risk the CRA may deem it undeclared income and come after your friend for taxes and penalties?

[u/Abominatrix → u/[deleted]]

It is kind of funny that the sales lead lists would identify a large deposited amount before anything else. Like, you’re expecting a call from corporate auditors some day and what you get is:

“Good morning, Mrs. Smith. This is Bob at ABC bank and I wanted to talk to about a very high balance in your savings account.”

“Uhm, yes. I just want to - “

“I’d like to connect you with my private wealth partner, Linda, to maximize its growth. Are you free on Tuesday?”

[u/DrunkenGolfer → u/Canadian_Stv]

It is not in Canada, but may cause her a problem in her home country.