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Claiming a Prize — Are you a lottery winner?

Helpful Advice

Who can help?

We recognize that each winner’s dreams, needs and situation are unique, so we have kept our suggestions here general.

In most cases, winners of large sums of money do not experience an overnight change in their daily life.

Two rules of thumb:

  • Give yourself some time to think things through before making decisions.
  • Once you’ve made up your mind, seek the services of reputable accredited professionals from established organizations.

Where to start

Should your cheque be lost or stolen, just notify Loto-Québec. We will take the necessary steps to issue a stop payment on the cheque and issue you a new one. We recommend that you deposit your cheque at your bank branch, NOT AT AN ATM.

At first step, which is both prudent and profitable is to deposit your check in a short-term certificate of deposit (30 to 90 days). This way, the time you take to reflect will bear fruit to your winnings, as these certificates generally offer better interest rate than a regular savings account.

Who does what?

Loto-Québec is not a financial planning consultant company. Our mandate does not include this type of service. However, we can certainly help winners by informing them of the kind of expertise to which they might want to turn. A number of resources offering sound advice is at your disposal.

Accountant or professional financial planner

Professionals who can:

  • Establish short- and long-term plans of action
  • Help you plan purchases and investments
  • Consult in estate planning and donations to loved ones and charitable organizations

Lawyer

Professionals who can:

  • Manage the legal aspect of transactions
  • Establish the legal framework for a new company or prepare the necessary legal documentation to achieve your goals
  • Provide advice on fiscal, estate and family revenue planning, as well as in the use of tax shelters

Notary

Professionals who can:

  • Establishing agreements and prevent conflicts among parties
  • Consult in family, matrimonial, estate, real estate, commercial and tax law

Financial institutions, banks, credit unions, savings and credit cooperatives, and trust corporations

  • Consultants offering services specific to each institution

Inform yourself about the services offered by your financial institution and other institutions. Compare the interest rates of different types of investments in effect at the various institutions.

It’s up to you to determine your needs and find out about fees. Fees at trust corporations can be negotiable, depending on the size of your portfolio and the services rendered.

Whatever your decision, we recommend you monitor your investments closely.

Helpful information on professional organizations, and government agencies and ministries

Ministère du Revenu du Québec

Montréal: 514 873-2600
Québec: 418 659-6299 or 1 800 267-6299
Website: www.revenu.gouv.qc.ca

Agence du revenu du Canada

1 800 959-7383
Website: www.cra-arc.gc.ca

Ordre des comptables agréés du Québec (CA)

680, Sherbrooke Street West
18th floor
Montréal (Québec)
H3A 2S3
514 288-3256
1 800 363-4688
Fax: 514 843-8375
Website: www.ocaq.qc.ca

Ordres des comptables généraux licenciés du Québec (CGA)

500, place d’Armes
Office 1800
Montréal (Québec)
H2Y 2W2
514 861-1823
1 800 463-0163
Fax: 514 861-7661
Website: www.cga-quebec.org

Ordre des comptables en management accrédités du Québec (CMA)

715, square Victoria
3rd floor
Montréal (Québec)
H2Y 2H7
514 849-1155
1 800 263-5390
Fax: 514 849-9674
Website: www.cma-quebec.org

Barreau de Montréal

514 866-9392

Barreau de Québec

418 529-0301

Barreau du Québec

Section Montréal 514 954-3400
Section de Québec 418 692-2888
Website: www.barreau.qc.ca

Chambre des notaires du Québec

1801, McGill College Avenue, Office 600
Montréal (Québec)
H3A 0A7
514 879-1793 or 1 800 668-2473
Fax: 514 879-1923
Website: www.cdnq.org

 
 
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