CurtPalme.com Home Theater Forum

Joust

and it come with a free house and car and.....
he won the grand prize. http://www.dreamofalifetime.ca/prizes_grand_prize.html
He really sucks! and his wife used to work for me too.
http://www.ottawacitizen.com/story_print.html?id=1160461&sponsor=

I don't know is in his theater but I'll find out. Its probably a digital...small consolation Twisted Evil

I very happy for them, honest. Thumbs Up

ecrabb · Posted: Mon Jan 12, 2009 2:55 am Post subject:

Wow, nice pad! I could handle winning a $1.5M house. How do taxes (both income and property) work in Canada and Ontario when you win something like that? Will they be able to afford to keep the house? In the US, if I won a house like that, I'd end up owing a $300-400k bill to the IRS, plus just the property taxes in the county I live would probably be about half my net income - more than double my entire mortgage, taxes, and insurance. I literally wouldn't be able to afford to keep a house that expensive if I won it, unless the taxes were paid, and all the property taxes covered for a number of years.

Looks like a really beautiful house. Looks like a pretty cool HT, too. I wish the pics were a little bigger.

nuttall_chris · Posted: Mon Jan 12, 2009 3:00 am Post subject:

In Canada we don't pay taxes on lottery winnings Smile

Chris.

ecrabb · Posted: Mon Jan 12, 2009 3:01 am Post subject:

Here we go... Better HT pic. Nice.

Sweet. What about property taxes?

SC

scoobydoo · Joined: 06 Apr 2006 Posts: 358 Location: Victoria BC

we just pay taxes on the interest that is earned on winnings.
so if you win a million dollars here...you actually get a million dollars.

ecrabb · Posted: Mon Jan 12, 2009 3:05 am Post subject:

The person sitting in that farthest-out seat has to watch the faces of the other viewers to see what's happening on-screen. Wink

SC

Joust · Posted: Mon Jan 12, 2009 3:05 am Post subject:

He'll still have to pay property taxes but the first year is covered.
The (#@%

**AnalogRocks** · Posted: Mon Jan 12, 2009 4:58 am Post subject:

First things first. Rip that digital off the ceiling and get him a MP moded 9500LC Smile

Or better yet an Ampro

XANATOS · Joined: 22 Mar 2006 Posts: 130

WanMan · Joined: 19 Mar 2006 Posts: 10270

nuttall_chris · Posted: Mon Jan 12, 2009 1:10 pm Post subject:

Ohmess · Joined: 11 Sep 2008 Posts: 242 Location: Vienna, VA

Wow, tax free. If I won that stuff here in the US I would have to sell immediately to pay the taxes.

ecrabb · Posted: Mon Jan 12, 2009 3:36 pm Post subject:

Plus, even if they gave you cash to cover the taxes (probably $400,000+), then the property taxes would kill you. That house in my county in little old central Iowa would probably run about $25,000/yr. or over $2000/mo. 2-grand a month... down the tubes.

Besides, if I had a $1.5M house, I want some freakin' space around me. I can see several houses in the background out the window of the sweepstakes house. Screw that. I want a bunch of trees - woods - separating the houses, or I want enough space that's a good 1/4 mile to the next property. That's my dream, anyway.

Not that I wouldn't be thrilled to win it. I'd sell it, pay the taxes, buy something more reasonable and live in a house for nearly free. That would definitely be cool.

SC

**Curt Palme** · Posted: Mon Jan 12, 2009 3:49 pm Post subject:

**kal** · Posted: Mon Jan 12, 2009 3:57 pm Post subject:

**kal** · Posted: Mon Jan 12, 2009 4:01 pm Post subject:

You can see a virtual tour of many of the rooms too, including the HT. But check out where they put the rear speakers, it doesn't make any sense! (They're also too low).

http://tours.ilookabout.com/ToursV3/?ID=3a6e04a7cc6b7ef9&Profile=MINTOMH&Mode=CXMIW2#

EDIT: Maybe there are two other rear speakers on the other side. Still weird. The HT is way too short and wide. It doesn't work. They need to have 2 rows but there's no room the way they designed it. Obviously the HT went in after everything else was done.

Kal

Joust · Posted: Mon Jan 12, 2009 6:36 pm Post subject:

I talked to Dave this morning. He plans on keeping the house and starting a family in it. He is not sure yet what the Property taxes are but figures in the 10-12K range.

I have a standing invitation to check out the HT and report back. I'm sure I can get that extended to Kal and Chris with the promise of calibration Wink

ps Kal, I'm working Dave on the brewery idea too, Dave likes beer Wink

Ridebreck · Posted: Mon Jan 12, 2009 8:06 pm Post subject:

The HT layout and color scheme would be a nice problem to have in this case. That's one hell of a prize right there. Color me jealous.

Spanky Ham · Joined: 22 Mar 2006 Posts: 5643 Location: Comedy Central

I don't want to start an argument, but that seems like a lot of money for that house. I know it is inflated retail, but I looked up the homes and they are still going for $700k plus. Is the real estate market in Ottawa still that high? My sister's house in John's Creek (Atlanta) is worth around $550k. It is roughly the same size as this house and in a very desirable part of Atlanta.

**AnalogRocks** · Posted: Tue Jan 13, 2009 7:08 am Post subject:

I wonder what that house would be worth in Washington DC? I bet it's more expensive since it's in the nations capitol city of Ottawa.