When Maurice De Gennaro hit the jackpot with a staggering $60 million Lotto Max win, he won't be parting with a single dollar in taxes on his windfall.
This is thanks to Canada's tax laws that exempt lottery winnings. The policy is different to many countries where lottery winnings can be significantly trimmed by taxes.
But there's a catch. If De Gennaro invests his winnings and earns more, that additional income is taxable.
Also, if he shares his fortune, winners like him might face taxes on income generated from their share.
Professional gamblers in Canada aren't as fortunate, as their winnings can be considered taxable income.
So what other countries let you keep 100% of your winning jackpot?
Well, there’s nine of them, plus a number of European countries as well…
