How are you feeling about Tavares these days?

[BraveCanadian]

Leafs captain John Tavares fighting Canada’s tax agency over $8M it claims he owes

Toronto Maple Leafs captain John Tavares fights to keep more than $8 million in taxes and interest the government says the star forward owes

nationalpost.com

Fight the good fight Johnny!

Poor guy, how is he supposed to make ends meet???

 

[ACC1224]

Poor guy, how is he supposed to make ends meet???

There is nothing wrong with keeping what's yours, doesn't matter how much you make.

 

[Fogelhund]

Poor guy, how is he supposed to make ends meet???

It's a nice trite comment, but perhaps you are incapable of understanding the ramifications of this?

 

[hotpaws]

It's a nice trite comment, but perhaps you are incapable of understanding the ramifications of this?

there are no ramifications and you should be more concerned over people who are having trouble paying bills instead of how much millionaire athletes can reduce there taxes

also if players are only concerned with how much taxes they pay teams like the Rangers or LA when they are competitive would on be on every players no trade list

 

[Evilhomer]

It's a nice trite comment, but perhaps you are incapable of understanding the ramifications of this?

I've asked one of the articling students in my office to pull a copy of his notice of appeal. I'm a bit surprised at the counsel John is using. KPMG Law is not what I would have expected.

 

[Evilhomer]

there are no ramifications and you should be more concerned over people who are having trouble paying bills instead of how much millionaire athletes can reduce there taxes

also if players are only concerned with how much taxes they pay teams like the Rangers or LA when they are competitive would on be on every players no trade list

Agreed, and keep in mind that this is a different issue than the tax point that most fans prattle on about. This relates to the characterization of his bonus payment. Taking the position that it isn't employment income is pretty aggressive.

 

[andora]

Agreed, and keep in mind that this is a different issue than the tax point that most fans prattle on about. This relates to the characterization of his bonus payment. Taking the position that it isn't employment income is pretty aggressive.

Thats what hes doing?.. jesus

 

[BraveCanadian]

It's a nice trite comment, but perhaps you are incapable of understanding the ramifications of this?

The ramifications are rich people paying less than their fair share to build our society than people who actually work for a living.

 

[TorMapleJays]

Poor guy, how is he supposed to make ends meet???

Please don’t become an apologist for our government taxing us into prosperity.

This effects all of us and to a lesser degree effects future prospects from signing here.

The government needs to keep their greedy hands out of our pockets.. they can send their own money overseas… this wallet is closed.

 

[ToneDog]

Agreed, and keep in mind that this is a different issue than the tax point that most fans prattle on about. This relates to the characterization of his bonus payment. Taking the position that it isn't employment income is pretty aggressive.

Too bad he is not as aggressive on the ice. I'm no expert but I was taxed on any cent of bonus money I ever received. If you are right, not a good look for JT. Maybe he's learned to be greedy after having played with Marleau and the 3 amigos.

 

[Stephen]

From a Leafs fan perspective the bonus structure seems to be an MLSE advantage that would be neutralized if the case doesn’t go Tavares’ way... Other than that it would be nice for Tavares to keep more of his money, but no sweat off my back.

 

[hotpaws]

Too bad he is not as aggressive on the ice. I'm no expert but I was taxed on any cent of bonus money I ever received. If you are right, not a good look for JT. Maybe he's learned to be greedy after having played with Marleau and the 3 amigos.

i'm pretty sure he taught the kids to be greedy

 

[Evilhomer]

Thats what hes doing?.. jesus

Yes, but (and I am most definitely not a tax lawyer) I don't think that is the bigger issue. I think the issue is whether John was a non-resident for tax purposes as at the date the signing bonus was received, and how much of the bonus would be allocable to services to be performed in Canada.

 

[Fogelhund]

The ramifications are rich people paying less than their fair share to build our society than people who actually work for a living.

What a perfect display of neither understanding the ramifications, nor how the tax system works. Thank you.

 

[BraveCanadian]

What a perfect display of neither understanding the ramifications, nor how the tax system works. Thank you.

What a perfect display of bootlicking for rich people.

Thank you.

Please don’t become an apologist for our government taxing us into prosperity.

This effects all of us and to a lesser degree effects future prospects from signing here.

The government needs to keep their greedy hands out of our pockets.. they can send their own money overseas… this wallet is closed.

We’ve tried the whole “free market” with declining personal and corporate tax rates for about 4 decades now, and I think the results are pretty clear.

 

[Fogelhund]

What a perfect display of bootlicking for rich people.

Thank you.

Ya, that's not what it is at all... you are so far out in the wrong field here, and don't have 2 cents to rub together. (Which seems to be true on multiple levels)

I'm for increased taxes for the wealthy, and decreased for those at the lowest levels.... having said that, you've "assumed" that Tavares is in the wrong here, and seem to lack knowledge that taxation isn't black and white, open to interpretation. Taxing a few pro sports athletes isn't going to change our situation in Canada... but taxing them heavily will most certainly mean fewer will play in Canada... maybe that's what you want? Before submitting taxes, Tavares most certainly worked with expert CA firms, and received legal opinion... he should certainly pay his fair share... though what that is, is open to debate, and chances are he'll win this battle.

 

[Rare Jewel]

The structure of those contracts is awful, and I'm not surprised there's an issue like this

 

[Rare Jewel]

Taxing a few pro sports athletes isn't going to change our situation in Canada... but taxing them heavily will most certainly mean fewer will play in Canada... maybe that's what you want?

That's really not the point, though, is it?

It goes beyond Hockey, and I couldn't really be less.

 

[Evilhomer]

The structure of those contracts is awful, and I'm not surprised there's an issue like this

I don't think it really has anything to do with the contract. This is an issue for any athlete or entertainer when they perform services in Canada.

 

[Rare Jewel]

I don't think it really has anything to do with the contract. This is an issue for any athlete or entertainer when they perform services in Canada.

It can be, but clearly, the issue here is his salary being paid in lump sums as "bonuses" and that on the structure of the contract and management.

 

[Evilhomer]

It can be, but clearly, the issue here is his salary being paid in lump sums as "bonuses" and that on the structure of the contract and management.

I don't think so. I think it's more about whether he was a resident or non-resident of Canada for tax purposes when the bonus was paid. I imagine this is why the matter only relates to the bonus paid to him in 2018 as the debate would be whether he was a non-resident during the 2018 taxation year. For every year thereafter, he would have been a resident of Canada for tax purposes when the 2019, 2020, etc. bonuses were paid.

 

[WillyC]

Here’s how I see it… JT is living in the USA and gets a call from Dubas… hey John, we’ll give you $8 million if you come play in Toronto for $3 million next year.

JT… sure, here’s my USA banking info… I look forward to seeing the 8 large hit my bank.

 

[Rare Jewel]

I don't think so. I think it's more about whether he was a resident or non-resident of Canada for tax purposes when the bonus was paid. I imagine this is why the matter only relates to the bonus paid to him in 2018 as the debate would be whether he was a non-resident during the 2018 taxation year. For every year thereafter, he would have been a resident of Canada for tax purposes when the 2019, 2020, etc. bonuses were paid.

Well, from July 2018 until the following spring, it is not unreasonable to believe he spent more time in Canada.

This is why it's dicey and slimy because clearly, his real salary for his first season was paid as the initial signing bonus. But up to that point, he had not spent enough time here.

 

[Dekes For Days]

Well, from July 2018 until the following spring, it is not unreasonable to believe he spent more time in Canada.

We're not talking about July 2018 to the following spring. It's about the tax year 2018, which he was in the U.S. for the majority of.

 

[Larcos_Unal]

Leafs captain John Tavares fighting Canada’s tax agency over $8M it claims he owes

Toronto Maple Leafs captain John Tavares fights to keep more than $8 million in taxes and interest the government says the star forward owes

nationalpost.com

Fight the good fight Johnny!

Horrible leadership, we need to terminate his contract immediately