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Gear up for the U.S. Powerball as it tops NINE FIGURES at $100.0 million! In August, one person got lucky for $200 million Canadian. While Canadians can avoid the 40% U.S. federal tax and additional state tax for winning the Powerball at home, they still face the 30% withholding tax by the IRS.
Is Canada missing millionaires? A $63.0 million California Lottery jackpot went unclaimed in February this year. What did you learn? Even if you don’t hit the jackpot, you should never discard your ticket. To learn more about U.S Powerball, read: U.S Powerball Tops $100.0 Million.