Fan wins a Million Bucks!

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Postby shadowgrin on Tue Nov 01, 2005 2:53 am

j.23 wrote:it is a fluke kick, the dude has never kicked a football before. the mechanics of kicking a soccer ball and football is totally different.

He had a 30-minute practice session Wednesday with Argos kicker Noel Prefontaine.

The mechanics are different, but considering he's a..
longtime soccer player

..he knew how to adjust the way he kicked the ball.
He knew what to do when he missed the first three attempts, so it wasn't a fluke.
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Postby KD on Tue Nov 01, 2005 4:15 am

Matt wrote:
Back to this guy, he won't really get the $1mill, he'll get taxed about half of it.


No, he gets all of it. There is no lottery tax in Canada.
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Postby The Other Kevin on Tue Nov 01, 2005 9:11 am

KD wrote:
Matt wrote:
Back to this guy, he won't really get the $1mill, he'll get taxed about half of it.


No, he gets all of it. There is no lottery tax in Canada.





Eh, damn Canada and their no taxes for things you shouldn't really be taxed on. :roll:
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Postby cyanide on Tue Nov 01, 2005 9:14 am

KD wrote:
Matt wrote:
Back to this guy, he won't really get the $1mill, he'll get taxed about half of it.


No, he gets all of it. There is no lottery tax in Canada.


You sure? From people I've talked to, I heard that they get taxed even in lotteries.
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Postby Cable on Tue Nov 01, 2005 9:44 am

Nope, no taxes on lotteries.
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Postby Matt on Tue Nov 01, 2005 10:47 am

that's real lucky then, because in most countries you pay up to 3 taxes, which eventually equates to 50% of your winnings.
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Postby iKe7in on Tue Nov 01, 2005 12:48 pm

But all the non-lottery winners in Canada still pay way more tax than most countries on any income.
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Postby KD on Tue Nov 01, 2005 12:49 pm

Is it true that Canadian citizens don't pay taxes on lottery wins?

If a Canadian wins the Canadian lottery, the funds are given to the winner in cash, with no tax liabilities ever.All lottery payments are in cash, with no deductions. These winnings are not taxable in Canada if you win on this lottery. There is no further liability for any amount, and you actually get 100% of the prize amount that is forecast.


http://www.homepokergames.com/lotterytax.php
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