If I won the lottery jackpot in Canada?

Question

Lets say for 40 mill.

would they pay all 40 mill at once or you get a choice to receive payments or get a lump sum which adds up less then the payments?

Answer 1

Usually, there is a choice given to you, to receive lump sum, or, to receive in instalments on certain terms! (does it matter, anyway, when the amount is of the order of 40 million! -- less tax, okay: still, does it matter!)