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(Winnipeg Sun)   Canadians flock to buy lotto tix as jackpot hits $42 million. By the way, that's a lump-sum, 100% tax-free $42 million   (winnipegsun.com) divider line 192
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6358 clicks; posted to Main » on 13 Aug 2006 at 12:10 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2006-08-12 08:18:01 PM
...Unlike those Powerball lottos where if you want it all at once you lose a tone of it, and then have to pay over 40% taxes on what they do finally give you.
 
2006-08-12 08:20:25 PM
"OR $2.99 IN REAL MONEY."
/obligatory American comment.
//got there before you did.
 
2006-08-12 08:23:09 PM
Highroller48: ...Unlike those Powerball lottos where if you want it all at once you lose a tone of it, and then have to pay over 40% taxes on what they do finally give you

yeah but those hit $300-$400 million when you start to see lots of news stories about people flocking to buy tickets.
 
2006-08-12 08:26:03 PM
Oh, you've done it now, KazamaSmokers. Now some Canoodia Farker will get all snooty and point out their play money is pulling up close to the US dollar on the exchange rate and somehow we're supposed act like it's suddenly real money. If it's real, how come vending machines won't take it, huh? Answer me that one Canuckistan!
 
2006-08-12 08:26:04 PM
I predict an America/Canada flame war in 3...2...1...
 
nrw [TotalFark]
2006-08-12 08:27:43 PM
Nabb1: If it's real, how come vending machines won't take it, huh? Answer me that one Canuckistan!

You must be doing it wrong. They work great for me.
 
2006-08-12 08:29:29 PM
nrw: You must be doing it wrong. They work great for me.

Huh. Well, in all fairness, we don't see too much Canadian currency floating around this far south.
 
2006-08-12 08:39:02 PM
Nabb1: Huh. Well, in all fairness, we don't see too much Canadian currency floating around this far south.

well, it is pretty easy to spot. As soon as you realize that 5 dollar bill in your hand isn't ugly, you know it's Canadian.
 
2006-08-12 08:42:43 PM
So that's what, $40 million in real money?
 
2006-08-12 08:44:54 PM
$37,479,918.00 US
 
2006-08-12 08:53:29 PM
/ waiting for it to grow into some real money...
 
2006-08-12 08:54:11 PM
Oh Canada, you've always been my favorite hamlet town country to the north. To whoever wins, how about sending me some Timbits?
 
2006-08-12 09:07:37 PM
C$42 million = US$37,321,722.13 according to XE.net.

I have my tickets.
 
2006-08-12 09:07:44 PM
Nabb1: Huh. Well, in all fairness, we don't see too much Canadian currency floating around this far south

We've got Montreal instead of New Orleans. Not quite as crazy, but then you're not nearly as likely to get killed either :P

redoctober65: To whoever wins, how about sending me some Timbits?

Tim Hortons is owned by Americans now, sadly.
 
2006-08-12 09:13:07 PM
grayson
Tim Hortons is owned by American now, sadly.

Shut your goddam mouth. Tim Hortons is now and always will be Canadian, I don't care what anyone says.

Once I win the $42 million, I'll buy Timmys for all the TFers.
 
2006-08-12 09:17:55 PM
Capt_Evil: Once I win the $42 million, I'll buy Timmys for all the TFers.

Now that's what I'm talking about!

/Good luck
 
2006-08-12 09:26:42 PM
Capt_Evil: Shut your goddam mouth. Tim Hortons is now and always will be Canadian, I don't care what anyone says.

their doughnuts have gone to shiat since Wendy's cut back on the quality to make it more "profitable". Their Creme Supremes are now laughable farces.

I prefer to buy the doughnuts my SU sells, and the coffee they sell...columbian black, peels the paint off the walls and dissolves your stomach lining in record time, and it'll keep you awake all damned day.
 
2006-08-12 09:33:22 PM
redoctober65

The liters, of course, can burn in hell for all I care.
 
2006-08-12 09:49:47 PM
CanadianCommie: their doughnuts have gone to shiat since Wendy's cut back on the quality to make it more "profitable". Their Creme Supremes are now laughable farces.

Ever since they went to the frozen donuts shipped out from a central location thing, I've noticed a difference, too.
 
2006-08-12 10:10:06 PM
Is that in Canadian Tire dollars? Because, if so, that'll buy a lot of poutine and Pepsi.
/American who knows his stereotypes.
 
2006-08-12 10:13:17 PM
monty666: Ever since they went to the frozen donuts shipped out from a central location thing, I've noticed a difference, too.

cream supremes used to be a veritable explosion on epic 100-man-bukakke proportions. Now there's barely enough cream in it to call it a cream-filled doughnot, let alone a "cream supreme".

I never understood why they'd dramatically change the formula. I remember Tim Horton's employing at least one baker per location, 2 in busier locations, to bake fresh doughnuts all day. They used to be plump and always soft. Now they are compacted and totally taste like they've been in a freezer for several months. It's a travesty of a tradition, and I refuse to buy their products.
 
2006-08-12 10:30:20 PM
Yeah.

Burn, 'Liters.
 
2006-08-12 10:38:43 PM

Let me get this straight:

Canadians have universal health care, a budget surplus, a government pretty much free of fundie xian wackjobs, legal prostitution, semi-reasonable drug laws, low crime...And NOW big lotto payouts that actually deliver what's promised?

I bet the rest of the world dosen't hate their guts, either.

Why in the FARK do those guys hate freedom so much?!?



/If this keeps up, in a few years Canada will have a bigger south border illegal immigration problem than we do.
 
2006-08-12 10:41:34 PM
Riche: And NOW big lotto payouts that actually deliver what's promised?

that whole lotto-payout-thing isn't new around here...we haven't paid taxes on winnings (lotto, gambling, etc) from as far back as I can remember.
 
2006-08-12 10:46:00 PM
Capt_Evil - Once I win the $42 million, I'll buy Timmys for all the TFers.

If I were to win the lottery, I would spend a summer touring every Major League Baseball park. I would rent the party deck at every stadium, and throw a Fark party each time. I'd probably hit a few minor league parks, too.
 
2006-08-12 11:03:23 PM
CheddarPants: If I were to win the lottery, I would spend a summer touring every Major League Baseball park. I would rent the party deck at every stadium, and throw a Fark party each time.

You, Sir, may be my new personal hero.
 
2006-08-12 11:23:35 PM
CheddarPants: If I were to win the lottery, I would spend a summer touring every Major League Baseball park. I would rent the party deck at every stadium, and throw a Fark party each time. I'd probably hit a few minor league parks, too.

make that all NHL games and you'll be a cool guy in my books.

if I had 42 million, I'd save a bunch of it, and then set aside enough to spend a year following the Oilers, going to all 82 of their games, and every playoff game I could attend. Then I'd get my ass on the waiting list for season tickets and get decent seats for life.
 
2006-08-12 11:37:11 PM
It's a tax on the poor, eh?
 
2006-08-12 11:44:12 PM
nope... just a tax on those who don't do math
 
2006-08-13 12:15:25 AM
42 million= 37 million USD.

Sales tax rate (on EVERYTHING including REAL ESTATE)= 20%

canada sucks.
 
2006-08-13 12:15:54 AM
Technically, there is no such thing as "winnings" in Canada. It's all, by legal definitions, a skills game.
 
2006-08-13 12:16:26 AM
Actually, if you take the lump sum and actually invest it properly, you should easily end up with more money than you'd have gotten if you'd taken the yearly payout, because the lottery commission will invest that money very, very conservatively.

Or you could end up like that dumb-ass in West Virginia, and getting $900K of it stolen from your truck outside a titty bar, and buying your granddaughter a huge house to die of a meth overdose in.
 
2006-08-13 12:19:17 AM
I've got my Ticket!

s


MUAHAHAHAHHA
 
2006-08-13 12:19:48 AM
Your Name Here: That's assuming the Oil manage to make the playoffs again anytime soon.

/canucks fan
//bitter


keep being bitter, the Oilers are still a good team
 
2006-08-13 12:20:30 AM
Going to check my tickets now... IF I don't post again in Fark, you'll either know that I won... or that I didn't...
 
2006-08-13 12:20:51 AM
Two cents American?

/had to
 
2006-08-13 12:22:06 AM
Sales tax rate (on EVERYTHING including REAL ESTATE)= 20%

Sure, if by 20% you mean anywhere from 6% to 16% (federal and provincial combined).
 
2006-08-13 12:23:43 AM
https://www.bclc.com/app/DidYouWin/WinningNumbers/Lotto649.asp

Looks like it will be shared by 4 different people.
3 people from Ontario and 1 from Quebec.

13 people also won $302,389.70 by getting 5/6 plus the bonus.
 
2006-08-13 12:27:50 AM
Provinces? Those are like states, right?


/kidding
 
2006-08-13 12:29:53 AM
Forgot to check my tickets, which should tell you how hopeful I am about matching even 3 numbers.

*doot dee doo*

Best was 2 numbers (23 and 44).

From the Western Canada Lottery Corporation:
"The $43,222,344.00 LOTTO 6/49 Jackpot for Saturday, August 12, 2006 was shared by 4 lucky tickets purchased in Ontario (3) and Quebec. The $100,000 EXTRA prize for Saturday, August 12, 2006 was won by one lucky ticket purchased in Alberta."


Numbers drawn:
3 10 21 23 33 44
BONUS: 43
 
2006-08-13 12:32:34 AM
I could be mistaken, but I'm pretty sure that that isn't a lump sum. I think it's the same rules as the U.S., where that $42 million is actually like 50 annual payments of $800 000 or a lump sum of $27 million (all numbers have been pulled out of my ass).
 
2006-08-13 12:33:46 AM
what is the cream supreme everyone's talking about? not at timmy's is it? if so haven't seen it from bc to ontario... unless i went to a timmy ho's in montreal in which case i was cronked and i don't remember,,, and i know that timmy's here baks all their donuts
 
2006-08-13 12:33:53 AM
As for the lump some losing alot. If you take the lump some and pay yourself double what the payments would be. Even in Very safe low yeild accounts you still wind up making more.

Its really a 2 part scam on there part, It acctually cost them less to pay it out that way.

I/we always go for cash option Hard to split it up otherwise.
 
2006-08-13 12:36:41 AM
Capt_Evil: The liters, of course, can burn in hell for all I care.

Give me a little heads up when you win so I can scrounge up $5 . Okay?
 
2006-08-13 12:36:48 AM
Alex Chilton I could be mistaken,

You are mistaken. All Canadian lotteries are lump-sum.
 
2006-08-13 12:38:55 AM
/except the "Cash for Life" one...
//Sorry
 
2006-08-13 12:39:49 AM
ftp1020

For reals? Huh. Thanks for the info. I did not know that.

/Canuck
/not the lotto playing kind though
 
2006-08-13 12:40:34 AM
Nabb1: If it's real, how come vending machines won't take it, huh? Answer me that one Canuckistan!

Heh, I remember vacationing in the USA as a kid and using my Canadian quarters in the arcade machines. That was a thrill. I must have two or three dollars.
 
2006-08-13 12:41:55 AM
I just hope the winner(s) have fun, and won't be those 'tards who say they'll buy a Cadillac and keep working.

Yep, fer real. Just as real as me not winning it...

/Canuck2
 
2006-08-13 12:42:44 AM
Wel, I'm in Canadia starting on Tuesday night, so if people could build it back up again, that'd be swell.

/I'll take it in Loonies & Toonies, please.
 
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