Today...................
Joined: Jan 2005
Posts: 64,605
Likes: 1,226
yeah that would have been great. lmao
here is our video
'I am still having a hard time believing it' (ctvnews.ca)
here is our video
'I am still having a hard time believing it' (ctvnews.ca)
Joined: Jun 2002
Posts: 111,882
Likes: 2,034
From: SoCal
Gina, glad you got to view it, and thanks for the nice comments above. While Canada is tax -hell , the only good thing is we don't pay tax on winnings.
There is sales tax on the vehicle of 13% but VW Canada offered to pay it in full for me as part of the promotion, so I don't pay the sales tax at all. Our revenue agency does not tax winnings for the most part so I won't have to pay income taxes either. In the US I believe you do pay taxes, and even on shows like the Price is Right the winners have to pay various taxes on their prizes from what I remember. I won't pay a penny in tax here, that would have been painful if I had to pay tax on a $65k vehicle.
There is sales tax on the vehicle of 13% but VW Canada offered to pay it in full for me as part of the promotion, so I don't pay the sales tax at all. Our revenue agency does not tax winnings for the most part so I won't have to pay income taxes either. In the US I believe you do pay taxes, and even on shows like the Price is Right the winners have to pay various taxes on their prizes from what I remember. I won't pay a penny in tax here, that would have been painful if I had to pay tax on a $65k vehicle.
but you can always sell it 
Member
Joined: Apr 2004
Posts: 82,468
Likes: 1,193
Personally, I don’t think that local/state/national government should be able to take X% in taxes from your winnings at all. Same with inheritance or gifts from people. They have already paid taxes when they bought the house/land/cars/jewelry etc, why should you pay an additional tax on those items?
Joined: Jul 2001
Posts: 59,364
Likes: 1,614
From: La Crescenta, CA
Joined: Oct 2009
Posts: 29,775
Likes: 5,400
From: Ontario Canada
Personally, I don’t think that local/state/national government should be able to take X% in taxes from your winnings at all. Same with inheritance or gifts from people. They have already paid taxes when they bought the house/land/cars/jewelry etc, why should you pay an additional tax on those items?
Joined: Jan 2005
Posts: 64,605
Likes: 1,226
Personally, I don’t think that local/state/national government should be able to take X% in taxes from your winnings at all. Same with inheritance or gifts from people. They have already paid taxes when they bought the house/land/cars/jewelry etc, why should you pay an additional tax on those items?
