Lotto Max came into being in Canada in September, 2009. The minimum jackpot is $10 million and was capped at $50 million until July, 2015 when it was raised to $60 million. The jackpot of $60 million hasn’t been won for a while and so instead of adding more and more of what they call Maxmillion extra prizes they’ve increased this week’s jackpot to a record, tax free, $112 million plus 52 Maxmillion prizes of $1 million each. Say that jackpot amount slowly; one hundred and twelve million dollars. Good grief! For the average person who works for a paycheque, or did and is now retired on a pension, winning that much would make us rich beyond our wildest dreams, as the old saying goes, and being handed an amount that large would usher a whole new set of challenges into a person’s life. Can you imagine the pressures? Every relative, some we didn’t even know we had, every friend and acquaintance, some we’d forgotten about, and every financial consultant we’ve ever met, or not met, would be trying to contact us. Our lives would be turned upside down, inside out and never be the same again. You know what I think? Instead of dangling massive jackpots in front of us, why not just try and make more everyday millionaires? Including Maxmillions, this Friday’s draw could have 164 chances at $1 million. And what are they going to do if the big jackpot isn’t won? How high will they go?
That’s Coffeetalk. I’m Vic Dubois.
Lotto Max
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The Candian government wants the country’s banks to identify, in customers’ bank statements when they receive the carbon rebate, that it is labelled as such.
Environment Minister Steven Guilbeault says the lack of a clear identifier is contributing to confusion about carbon price rebates, so he is going to change the law if he has to in order to force the big banks to identify the carbon rebate by name when doing direct deposits.
The first rebate deposits in 2022 were labelled very generically, which meant recipients had no idea why they were getting the money.
T-D and B-MO have adopted the government’s requested “CdaCarbonRebate” entry, R-B-C and Scotiabank say they couldn’t make the change in time for the rollout, and C-I-B-C is still calling it “Deposit Canada.”