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So with the new tax proposals by the NDP, does this mean the death of Canadian sports teams from ever winning anything again, letting alone our teams being competitive?
So with the new tax proposals by the NDP, does this mean the death of Canadian sports teams from ever winning anything again, letting alone our teams being competitive?
The 1% tax on anyone with a net worth of $10 M. That knocks out any stars from signing and living in Canada. Good bye to Matthew’s and company, and the Leafs/Raptors and Blue Jays from ever being competitive again. The increase of capital gains from 50% to 75%. That affects us all, anybody who has money invested mutuel funds, held in your RRSP, TFSA, or the RESP for your kids education, is going to get nailed in the biggest tax grab Canada has ever seen.
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