#DailyGrand, Canada’s Newest #Lottery may have BIG TAX implications if you #WINBIG and take the Grand A Day Option

If you WIN BIG on this lottery, it is advised you get proper financial advice to decide on the$1,000 a day option or the $7 Million* lump-sum payout.daily-grind-oct-18

The Canada-Wide Daily Grand Lottery at a glance:

  • Game launches on October 18, 2016 with the first draw on October 20, 2016
  • Cost: $3 per selection
  • The prize payouts are fixed amounts and the top 2 prizes are shared by the winning tickets
    If 2 tickets match all numbers, then each is worth $3.5 Million
  • Daily Grand will be drawn every Monday and Thursday and players can buy tickets up until 7:30 PT / 10:30 ET on draw day at a lottery retailer
    The grand prize for the game is $1,000 a day for the life of the winner
  • Winners entitled to claim an annuity prize have the option to choose the annuity or a single lump-sum cash payment:
    • Top prize: $1,000 a DAY for LIFE or lump sum cash payment of $7,000,000*.
    • Secondary prize: $25,000 a YEAR for LIFE or lump sum cash payment of $500,000.
  • Six numbers are drawn – five main numbers from 1-49 and one Grand number from 1-7
  • To win the top prize, a player must match all five main numbers and the Grand number
  • Odds of winning the top prize are 1 in 13,348,188 per $3 play
  • Odds of winning the second prize are 1 in 2,224,698 per $3 play
  • Odds of winning any prize are 1 in 6.8 per $3 play

The $1,000 a day prize is designed to help you dream and get you to buy a $3 ticket, but comes with tax complications as annuities are taxable. A $1,000 a day payout is $365,000 paid out in a year’s time. The $7 Million (shared by winning tickets) lump-sum payout is all TAX FREE. Put it in the bank; you have to pay tax on the interest made on the $7 Million.

Match Prize Amount Odds* / $3 Selection
5/5 + 1/1 $1,000 a DAY for LIFE
or single lump-sum cash payment of $7,000,000
1 in 13,348,188
5/5 + 0/1 $25,000 a YEAR for LIFE
or single lump-sum cash payment of $500,000
1 in 2,224,698
4/5 + 1/1 $1,000 1 in 60,674
4/5 + 0/1 $500 1 in 10,112
3/5 + 1/1 $100 1 in 1,411
3/5 + 0/1 $20 1 in 235.2
2/5 + 1/1 $10 1 in 100.8
1/5 + 1/1 $4 1 in 19.7
0/5 + 1/1 $3 Free Play 1 in 12.3
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With the odds and possible combinations of Daily Grand Lottery (1 in 13,348,188 per $3 play) compared to Lotto 649 (1 in 1 in 13,983,816 per $3 play), with very similar odds and tickets both costing $3, we feel Lotto 649 is a better choice as there is no cap on the prize amounts to be won. If this lottery was to cost $1 or $2 it in my mind would have a greater success. Only time will tell if CANADA plays this lottery. The first winner of this new lottery will be over publicized to get people to buy tickets. Canada needs a country-wide Lotto – with tickets costing $1 with no cap on the jackpot drawn once a week – like the good old days of lotteries in Canada.
It could even be called WIN BIG for a BUCK – and the domain WinBIG.ca is for sale for $100,000 USD plus GST/ HST. WINK WINK NUDGE NUDGE – OLG.
WinBig.ca — Helping Canadians Dream Big & Win BIG

The LOTTO Dream eBook - FREE DOWNLOAD

Personal tax ESTIMATOR on $365,000 ($1,000 a day) with an AFTER TAX value and DAILY amount after tax calculation based on June 2015 rates.
Please consult with Revenue Canada or a TAX Adviser for current rates. These values are meant for provincial comparisons and may not be valid in the future.

Province Tax Payable After-Tax Tax Rate DAILY
Alberta $130,279 $234,721 35.69% $643.07
British Columbia $143,711 $221,289 39.37% $606.27
Manitoba $152,092 $212,908 41.67% $583.31
New Brunswick $164,598 $200,402 45.10% $549.05
Newfoundland & Lab. $141,068 $223,932 38.65% $613.51
Northwest Territories $137,307 $227,693 37.62% $623.82
Nova Scotia $160,329 $204,671 43.93% $560.74
Nunavut $128,303 $236,697 35.15% $648.48
Ontario $153,569 $211,431 42.07% $579.26
Prince Edward Island $154,810 $210,190 42.41% $575.86
Quebec $162,793 $202,207 44.60% $553.99
Saskatchewan $142,921 $222,079 39.16% $608.44
Yukon $133,789 $231,211 36.65% $633.45

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If you were to win The Canadian Daily Grand Lottery and live in New Brunswick you could save $34,319 in TAXES a year going to Revenue Canada by moving to Alberta. You could save more if you moved to Nunavut (not much there). If you are the top prize winner and do not want to move to ALBERTA, take the $7 Million cash option, and stay close to family, friends and PARTY with the $7 Million if there are no other shared winning tickets.

Where to live and pay the least amount of TAX on a $1,000 a day annuity.
Province Tax Payable After-Tax Tax Rate DAILY
Nunavut $128,303 $236,697 35.15% $648.48
Alberta $130,279 $234,721 35.69% $643.07
Yukon $133,789 $231,211 36.65% $633.45
Northwest Territories $137,307 $227,693 37.62% $623.82
Newfoundland & Labrador $141,068 $223,932 38.65% $613.51
Saskatchewan $142,921 $222,079 39.16% $608.44
British Columbia $143,711 $221,289 39.37% $606.27
Manitoba $152,092 $212,908 41.67% $583.31
Ontario $153,569 $211,431 42.07% $579.26
Prince Edward Island $154,810 $210,190 42.41% $575.86
Nova Scotia $160,329 $204,671 43.93% $560.74
Quebec $162,793 $202,207 44.60% $553.99
New Brunswick $164,598 $200,402 45.10% $549.05

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Lotto 6/49 & Ontario Encore Winning Numbers Saturday 15/10/2016

Lotto 6/49 & Ontario Encore Winning Numbers

Saturday 15/10/2016

LOTTO 6/49 estimated jackpot $7 million
8, 29, 30, 37, 41 & 44. Bonus 6.

LOTTO 6/49 Guaranteed Prize
76647887-03

ONTARIO 49
11, 24, 25, 29, 35 & 46. Bonus 47.

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LOTTARIO estimated jackpot $250,000
3, 4, 19, 23, 29 & 44. Bonus 16.

Early Bird: 34, 40, 41 & 44.

POKER LOTTO

Winning Hand: 9-S, 2-H, 10-S, 9-H, J-C.

Legend:
C = CLUB,
H = HEART,
S = SPADE,
D = DIAMOND

J = JACK,
Q = QUEEN,
K = KING,
A = ACE
MEGA DICE LOTTO
3, 7, 13, 24, 30 & 38 Bonus 39.

PICK-2: 7 5

PICK-3: 9 7 3

PICK-4: 5 0 4 4

ENCORE: 8514769

DAILY KENO
2, 3, 4, 6, 7, 8, 12, 23, 27, 29,
31, 32, 35, 36, 37, 46, 51, 56, 62, 69.

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MidDay lottery winning numbers

PICK-2: 5 0

PICK-3: 5 8 8

PICK-4: 4 2 6 8

ENCORE: 9634355

DAILY KENO
5, 6, 11, 17, 18, 30, 33, 34, 38, 40,
46, 48, 53, 54, 58, 59, 62, 63, 64, 69.

The Lottery Charms Catalogue- FREE DOWNLOAD

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The LOTTO Dream eBook - FREE DOWNLOAD
DISCLAIMER
The numbers that appear on this site do not constitute official winning numbers. Please contact your local retailer for confirmation.

Lotto MAX & Ontario Encore Winning Numbers 14/10/2016

Lotto MAX & Ontario Encore Winning Numbers

Friday 14/10/2016

LOTTO MAX estimated jackpot $16 million
14, 18, 22, 25, 36, 39 & 44. Bonus 34

POKER LOTTO

Winning Hand: 8-D, 7-C, K-H, 9-H, 10-D.

Legend:
C = CLUB,
H = HEART,
S = SPADE,
D = DIAMOND

J = JACK,
Q = QUEEN,
K = KING,
A = ACE

MEGA DICE LOTTO
2, 15, 24, 30, 34 & 35 Bonus 9.

PICK-2: 8 4

PICK-3: 6 4 9

PICK-4: 2 5 2 8

ENCORE: 3236260

DAILY KENO
2, 5, 6, 10, 14, 15, 21, 22, 26, 27,
28, 30, 37, 39, 45, 54, 55, 62, 67, 69.

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MidDay lottery winning numbers

PICK-2: 9 6

PICK-3: 4 3 6

PICK-4: 3 6 3 8

ENCORE: 4157671

DAILY KENO

8, 10, 16, 18, 23, 28, 32, 35, 41, 44,
48, 51, 52, 57, 60, 61, 64, 66, 67, 70.

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SECURITY SYSTEM STICKERS

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Alarm Stickers
Alarm-Stickers.com is selling ALARM STICKERS in  6-packs, 10-packs, 15-packs & 30-packs, which is enough to give door an window protection for an small sized homes, larger homes, cottages, or businesses. *The name appearing on the stickers has been censored to prevent would-be thieves looking for a particular name. **The stickers are white and blue and do not pulsate; the above image is for illustration purposes only*
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The Lottery Charms Catalogue- FREE DOWNLOAD

* * * SHOP ONLINE * * *

Lucky PinsLucky Coins | Lotto Books | Magnets

LC-2014-AD-01-500
The LOTTO Dream eBook - FREE DOWNLOAD
DISCLAIMER
The numbers that appear on this site do not constitute official winning numbers. Please contact your local retailer for confirmation.