IF you won the lottery

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Re: IF you won the lottery

Postby CielOnTap on Sat Mar 21, 2015 1:05 pm

Someone or more than one person is holding onto a Lotto Max ticket worth $50 million purchased in Hamilton, Ontario. It's not me, as I last played the lottery in January or February when the jackpot was large then.
http://www.thespec.com/news-story/5518651-winning-50-m-lotto-max-ticket-sold-in-hamilton/

The potential winner or winners could certainly help the Maritimers with some snow clearing equipment if the ticket is validated soon! Congratulations!
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Re: IF you won the lottery

Postby CielOnTap on Wed Jul 15, 2015 1:55 pm

People in Ontario are being told via newspaper that someone or a group still has not redeemed their $50M winning Lotto Max ticket purchased in Hamilton. Could you know someone whose summer is going to be improved by checking their past lottery ticket numbers?
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Re: IF you won the lottery

Postby CielOnTap on Mon Jul 20, 2015 7:23 pm

Will they build themselves some DIY projects? Rona employees at a Quebec store won $55M on their group ticket~!

http://montrealgazette.com/news/local-news/longueuil-rona-employees-win-55m-lotto-max-jackpot

Definitely a good thing for the economy, 20 winners!
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Re: IF you won the lottery

Postby CielOnTap on Sat Sep 26, 2015 10:22 am

Lotto Max recently moved to $60M caps for its biggest jackpot. Last night's draw did have one winning ticket-news article mentions it's sold in Ontario:
http://www.torontosun.com/2015/09/26/one-winning-ticket-sold-in-ont-for-60-million-lotto-max-jackpot

I have not purchased a Lotto Max ticket in about two months. Somehow I don't always move on the big jackpot announcements. Keep thinking an instant scratch ticket will give me "shopping spree" happy dance but it has not happened.

*Update-the winning ticket was sold in Brampton, Ontario-the city of flowers.
http://www.thespec.com/news-story/5932600--60-million-lotto-max-ticket-sold-in-brampton/
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Re: IF you won the lottery

Postby CielOnTap on Mon Oct 19, 2015 9:52 am

The winning $64M jackpot ticket for Saturday's Lotto 6-49 draw was sold in Mississauga, Ontario in Canada.
http://www.thespec.com/news-story/5965869--64m-lotto-649-ticket-sold-in-mississauga/

The past few draws saw the jackpot increase each time no winning ticket was drawn. Many players likely planned their happy dances for their dreams to come true with a lottery win.
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Re: IF you won the lottery

Postby fishandchips on Wed Dec 16, 2015 12:44 pm

No more anonymity for the winner of a $50M jackpot ticket sold in British Columbia, Canada! This was a long time to go public.
http://www.cbc.ca/news/canada/british-columbia/lotto-max-winner-mayrhofer-1.3366340
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Re: IF you won the lottery

Postby CielOnTap on Wed Jan 13, 2016 3:45 pm

Could the dismal 69 cents US value of the Canadian dollar be attracting Canadians to play in the US Powerball lottery?
Here's another reason to smile when you think about winning the record $1.5 billion (U.S.) ($2.135 billion Cdn. today) American Powerball lottery jackpot: if you come up mega-rich in next Wednesday's draw, you don't have to worry about the Canadian taxman taking a bite.

Lottery winnings are free from income tax in Canada, even if they're won in another country, Vern Krishna, a law professor at the University of Ottawa and executive director of the CGA Tax & International Research Centre, said in an interview.

"This is a statutory exemption, so if you win it, call me and we'll celebrate!" Krishna said.

You do, however, have to contend with American taxes and that can be expensive and complicated.

Mark Feigenbaum, a U.S. lawyer/accountant and a Canadian accountant who specializes in cross-border taxation, noted that for U.S. "nonresident aliens" (i.e. Canadians who don't live in the U.S. or don't have a green card or who are not U.S. citizens), the American IRS withholds 30 per cent tax on winnings. That would be the only tax paid to the IRS for nonresident aliens.

http://www.thespec.com/news-story/6230006-no-canadian-income-tax-if-you-win-1-5-billion-us-powerball-lottery/
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Re: IF you won the lottery

Postby fishandchips on Thu Jan 14, 2016 5:53 pm

Pleased to know that three potential winning tickets are linked to the Powerball's winning numbers from last night. Tax people will be thrilled at the incoming revenue from the winners.

http://abcnews.go.com/US/powerball-lottery-drawing-record-15b-jackpot-tonight/story?id=36275166
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Re: IF you won the lottery

Postby CielOnTap on Mon Mar 14, 2016 11:54 am

A ticketholder in Mississauga, Ontario is Canada's biggest lottery winner ($64M)!
http://www.thespec.com/news-story/6389758-mississauga-ont-woman-wins-64m-jackpot/
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Re: IF you won the lottery

Postby CielOnTap on Sat Apr 02, 2016 1:31 pm

Who would know how to manage new wealth after a large lottery win? Would you know who to talk to about investing?
Or who to turn to for advice on how to deal with strangers asking for money all of the time?
“You immediately become a target and the sharks start to circle,” said Jeff Hull, senior financial advisor with Manulife Securities Inc., located in City Centre. “Suddenly you become a major target for organized crime, criminals, charities and all kinds of people who pop out of the woodwork.”

Hull and his team have created a Lottery Transition Team, consisting of a team of professionals across a spectrum of industries from investing, psychology, personal protection and an array of others professionals.

http://www.mississauga.com/news-story/6408961-winning-the-lottery-can-be-a-roller-coaster-ride-to-hell-/

I did not know that some firms actually have teams that can help with a financial windfall. Same could be said if one were to get a large inheritances-there could be many people and interests following those kinds of wealth too.
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