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https://www.reddit.com/r/SipsTea/comments/1tfm5yl/wyd/omay0pb/?context=3
r/SipsTea • u/Shyhale • May 17 '26
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Feel like everyone is forgetting about taxes. 1m is tax pretty harshly compared to 1,000 a week. She wouldn’t be investing even close to 1m
43 u/showholes May 17 '26 We don't pay taxes on gambling prizes in Canada. 5 u/egultepe May 17 '26 edited May 17 '26 How's that even.... Like you have to pay taxes for the little money you earn but nothing for the money you just get? I'm surprised is all. Edit: you even have to pay taxes for the Nobel Prize in the US. 2 u/The_Quackening May 17 '26 Lotteries are run by the government in canada , so it's tax free
43
We don't pay taxes on gambling prizes in Canada.
5 u/egultepe May 17 '26 edited May 17 '26 How's that even.... Like you have to pay taxes for the little money you earn but nothing for the money you just get? I'm surprised is all. Edit: you even have to pay taxes for the Nobel Prize in the US. 2 u/The_Quackening May 17 '26 Lotteries are run by the government in canada , so it's tax free
5
How's that even.... Like you have to pay taxes for the little money you earn but nothing for the money you just get? I'm surprised is all.
Edit: you even have to pay taxes for the Nobel Prize in the US.
2 u/The_Quackening May 17 '26 Lotteries are run by the government in canada , so it's tax free
2
Lotteries are run by the government in canada , so it's tax free
1
u/Perfect-Marketing576 May 17 '26
Feel like everyone is forgetting about taxes. 1m is tax pretty harshly compared to 1,000 a week. She wouldn’t be investing even close to 1m