This is an absolute advantage for drawing players to US teams but especially if there's no state income tax.
From: https://www.nytimes.com/athletic/5647166/2024/07/23/nhl-canada-tax-dispute/
This is an absolute advantage for drawing players to US teams but especially if there's no state income tax.
From: https://www.nytimes.com/athletic/5647166/2024/07/23/nhl-canada-tax-dispute/
8 comments
As a tennessean who moved to canada, yeah its basically california 2.0
I just wish these big names coming here to get these big tax free paychecks would actually perform up to standard for once. That goes for the Titans too. Both teams have a history of signing these big name dudes that end up doing fuck all when they get here.
There are 2 things no one really talks about though that can help level the playing field for Canadian teams:
1) Infamous agent Allan Walsh has detailed plenty of tax strategies for players in Canada to shield a lot of that income until they move to a lower tax jurisdiction post their NHL career
2) Playing in the big Canadian markets like Toronto means access to much more lucrative sponsorship deals – for guys like Auston Matthews that easily outweighs the tax benefits of playing in a smaller market like Nashville
Who cares? They’re still taking home millions per year. People making that kind of money should be taxed to all hell.
Posting a 3 month old article, about a topic that is already beat to death, and offering no new insight. Are we already in the offseason?
They are among the highest wage earners on the continent, of course they’re going to pay higher taxes.
Given the benefits they tangibly receive for their tax dollars in Canada, some may find it a reasonable trade off.
Can’t imagine wanting taxes to be lower just so up here in Canada we have more hockey players wanting to play for our Canadian teams over FREE HEALTHCARE.
Damn.. that is horrible.