Do you know what's the difference between lotteries in Canada and lotteries in The United States. First, unlike in the U.S., Canadian lottery winnings are tax free. Second, the payout is a lump sum, it doesn't get amortized over a number of years. So, a $1 million win, for example, is a $1 million win.
Jason Rinaldi must be thanking his lucky charms because the Guelph, Ontario man won the $35.3 million jackpot from OLG's 6/49 lottery. And, he gets to keep all $35.3 million of it, tax-free and in one lump-sum payment!
But Jason almost didn't buy his tickets. He was spending $20/week on lottery and it was beginning to be too much money. He almost quit playing, but decided to give it one more shot. And, good thing he did, otherwise he'd still be struggling to make ends meet.
At the time of his lottery win in October of 2008, Jason was single. That would make him one of Canada's most sought-after bachelors!
Saturday, January 17, 2009
Win Lottery Jackpot In Canada Tax Free Like Jason Rinaldi And His $35 Millions
Saturday, January 17, 2009
Tino Sundin
Posted by: Tino Sundin
Updated at: Saturday, January 17, 2009
