QUOTE(Hollow21 @ Dec 12 2025, 12:38 AM)
^Thispilih yang mana?, kalau menang judi
pilih yang mana?, kalau menang judi
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Dec 12 2025, 07:57 AM
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#21
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Senior Member
4,883 posts Joined: Jan 2003 From: Petaling Jaya |
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Dec 12 2025, 07:59 AM
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#22
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Junior Member
189 posts Joined: Jan 2009 |
Is Canada tax same pattern with Americunts IRS? If yes i take 1k per week for life.
Coz americunts IRS, when u won 1 mill more than half become tax. What can u do withh around 500k This post has been edited by kcchong2000: Dec 12 2025, 08:01 AM |
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Dec 12 2025, 08:08 AM
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#23
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Junior Member
181 posts Joined: Dec 2010 |
QUOTE Winnings from a Canadian lottery such as Lotto Max or 649 are considered to be windfalls, and windfalls are not subject to tax. Even winnings from a sweepstake or lottery sponsored by a charitable organization are generally tax-free. https://turbotax.intuit.ca/tips/are-my-priz...3-mF5T-NDkNCtv6 QUOTE Winnings from a Canadian lottery such as Lotto Max or 649 are considered to be windfalls, and windfalls are not subject to tax. QUOTE However, though the Canada Revenue Agency (CRA) does not tax the winnings themselves, you may need to pay taxes on any income that money generates if you invest in a non-registered investment or account. For example: - If you put your lottery prize in the bank, any interest earned on that account will be taxable. - If you invest some of your winnings in stocks or mutual funds, any dividends earned on the investments will be taxable. As will any Capital Gains you may make when you dispose of or sell the investments. |
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Dec 12 2025, 08:23 AM
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#24
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Senior Member
2,834 posts Joined: Jul 2006 From: here |
this is a mechanism to prevent relatives from swooping down and kacau her.
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Dec 12 2025, 08:24 AM
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#25
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Junior Member
370 posts Joined: Jul 2010 |
Always take lump sum. Many cases the lottery company went bankrupt and stop payment.
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Dec 12 2025, 09:27 AM
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#26
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Senior Member
2,013 posts Joined: Jan 2003 From: abyss |
take winnings from 1 gamble to another, nice.
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Dec 12 2025, 09:57 AM
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#27
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Junior Member
343 posts Joined: Jul 2011 From: Land of SaberLion :3 |
many ppl who won take all out end up kejap sudah pokai
1k a week can slow slow enjoy |
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Dec 12 2025, 09:58 AM
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Junior Member
63 posts Joined: Feb 2008 |
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Dec 12 2025, 10:22 AM
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#29
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Junior Member
234 posts Joined: Feb 2017 |
Smart girl
Sudden wealth normally cannot keep due to lack of planning A lot relative and friend coming to borrow $ But 1k per week can allow long term plan, part of income for loan consideration and avoid over friendly relative looking for money |
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Dec 12 2025, 10:25 AM
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#30
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Senior Member
3,217 posts Joined: Dec 2006 From: City of Neko~~Nyaa~ |
Next week company bankcrupt close down...
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Dec 12 2025, 10:41 AM
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Junior Member
119 posts Joined: Sep 2018 |
She is young, so I think it would be wise for her to just get the $1 million payout instead. Subject, she needs discipline and to invest wisely.
But honestly speaking, who on earth can resist the urge to touch the $$$ knowing fully that the money is just sitting there to be utilised? |
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Dec 12 2025, 10:55 AM
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Junior Member
70 posts Joined: Aug 2014 |
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Dec 12 2025, 11:33 AM
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#33
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Junior Member
685 posts Joined: Oct 2004 |
migrate to malaysia.. can get rm20k monthly... T20 edi
This post has been edited by vaksin: Dec 12 2025, 11:33 AM |
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Dec 12 2025, 11:36 AM
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Junior Member
551 posts Joined: May 2013 |
Smart fella knowing she couldn't trust herself
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Dec 12 2025, 11:38 AM
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Senior Member
3,703 posts Joined: Oct 2005 |
Provided "for life" means until the person dies, and no capping like 20 years, the 1k per week is the better option. Imagine getting 1k per week for next 60 years....
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Dec 12 2025, 11:49 AM
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Junior Member
483 posts Joined: Jan 2010 |
20 YO, if she live to 50 can get roughly 1.56M
1k X 52 X 30 but if take 1M, kasi invest and get 5% yearly after 30 years the total investment will be 4.3mil |
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Dec 12 2025, 11:51 AM
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Senior Member
3,703 posts Joined: Oct 2005 |
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Dec 12 2025, 11:53 AM
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Junior Member
187 posts Joined: Dec 2017 |
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Dec 12 2025, 11:55 AM
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Junior Member
187 posts Joined: Dec 2017 |
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Dec 12 2025, 12:01 PM
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#40
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Junior Member
327 posts Joined: Nov 2008 |
QUOTE(GuyzNexDoor @ Dec 12 2025, 12:30 AM) Wrong choice. Should take 1million. Never know how long is our life. LelHopefully she can live for another 20 years to get atleast the amount of 1mill. You purposely forget about Canada taxes. Most probable after minus every taxes, take home 300k~400k. Only good for paying outskirt house or out of town house. Monthly take home 4k and invest back into shares or small business yield better return. Imbi Plaza Lot 1.28 liked this post
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