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Technically, its $101,000

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Veteran
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Posted: #1
Lets not forget he got 1K from the 17th pick too. Maybe small compared to the big prize but it ain't chump change! ||moneybag.gif' border=0>
 
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Posted: #2
Good point||Peace_5.gif' border=0>
 
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Posted: #3
||an_wink.gif' border=0>
 
Prospect
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Posted: #4
if you're getting technical, it wouldn't be $101,000 because of taxes, but it's still a nice chunk of change...||an_wink.gif' border=0>
 
Prospect
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Posted: #5
no taxes=canada
 
Prospect
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Posted: #6
yeah, another great piece of Canadian law...you win money, you get ALL OF IT!! if you win a million dollars, you're a millionaire, not a ...say...what???? half-millionaire.... I love this country||an_cheers.gif' border=0>
 
Prospect
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Joined: Nov, 2002
Posts: 55
Posted: #7
Shhhhhhhh we don't want to piss off the Amereicans. Keep telling them they have the best country in the world, so they leave us Canadians alone. The way things are going, they might just talk the Canadian government into Taxing Lottery/Gamling winnings.
 
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Posted: #8
We've got the nuke....||quiet.gif' border=0>
 
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Posted: #9
they only pay a flat 13% in russia..individuals and corporatios.. the templeto russia fund has gone up over 100% per annum for the last 6,, you western hemispherians...
 
Prospect
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Posted: #10
living in russia must be great -that's why you are all flocking here
 
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Posted: #11
in canada lottery winnings are non taxable, this is not a lottery this is a contest and tuppy will have to pay taxes on it.
 
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Posted: #12
I don't think he needs to pay taxes, it's not earnings. Kinda like winning 100K from the casino.
 
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Posted: #13
from what i have been told I dont pay taxes on it . Not just lottery winnings that are tax exempt. I could be wrong but will check with CA on weekend
 
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Posted: #14
Tuppy, what was the mathematical skill question you had to answer?
 
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Posted: #15
Have had initial contact with follow up to come....
 
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Posted: #16
yeh let us know tuppy I was under the impression it IS taxable. Im in canada too Cape Breton.
 
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Posted: #17
it could be I have an uncle that is a Charter accountant he and i will talk this weekend. I am sure he will clear up the matter for me...I was under the impression contest winnings were not taxable but like i said i could be wrong
 
 
Prospect
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Posted: #18
Where is Tuppy from?? did I hear Nova Scotia??? I live 5 minutes from Halifax...
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