nope. You get taxed where you economic ties are strongest. not where you are living when you cash a cheque.
You really think goverments just willingly give up millions? Canadians are nice. But not that nice
Salary Cap (Taxes)
- Thread starter Matthews4Calder
- Start date
nope. You get taxed where you economic ties are strongest. not where you are living when you cash a cheque.
You really think goverments just willingly give up millions? Canadians are nice. But not that nice
As long as he lives there 6 months plus a day (which he admittedly does), he claims his house in Arizona as his primary residence. I do the same thing with one of my houses in Florida. I live there 6 months and one day.
Now, if the leafs ever made a playoff run, this might make it more difficult for him, but so far for his entire career, he has been able to easily live in Arizona half the year, due to the leafs shorter seasons
actually. 1. That’s NOT true. It is where your economic ties are the strongest. The 6 month plus a day is a part. Sure but not the only factor.
2.) don’t be so sure about that. He literally just spent the Christmas break in toronto. Came to Canada in september.
It would be close but he will be spending lots of time in Canada. He flew in September 3. So that’s already 1 month before the season.
LeafsNation75
Registered User
You are forgetting that in 2004 there was no salary cap and at the time I don't think anyone cared about the Lightning having a tax advantage. That only came to attention because I think it's something the media started to realize. Plus I remember Steve Yzerman using their no state tax advantage when the Lightning meet with John Tavares during the UFA negotiation window.
He gets his fat signing bonus on July 1st while living in Arizona. His “economic ties” are to Arizona. And he spends more than half the year there. It’s not as complicated as you’re making it out to be. He is admittedly using his Arizona home as his primary residence
LeafsNation75
Registered User
Auston Matthews was going to get a contract of at least $10 million AAV because that's what Jack Eichel got since he was the best comparable and Matthews was the better player when he signed his current contract. The difference is no one thought he would only get 5 years, however he's living up to his $11.634 million AAV.
You obviously think Marner is overpaid and I'm not going to change your opinion about that, so I'm not going into any more detail about it.
well according to NHL accountants. It absolutely is. You have to prove where your economic ties are. NHL accountants have said their clients who play/live in the states have done it when they start with a team. But then eventually get taxed in Canada.
You Habe to prove it by days in the country. Economic ties. Property. Cars etc.
Matthews came to Canada sept 3. That’s 1 month. He will be playing about 55 games in Canada. Plus playoffs. He stayed in Canada for the Christmas break. He clearly isn’t counting the days.
I don’t know whether he is still and neither do you. But it’s an onerous process. The idea that people think Canada will just voluntarily give up money is just nuts.
Nope.
Great to know that you're inventing things to support your point of view.
Mind you, I'm not surprised.
Very easy to verify that some very good/great wines are less costly in Québec than they are in USA (especially Italian wines), even without the exchange rate in the currencies.
Should create a cap exemption for the Leafs do we can avoid these threads.
Your Boy Troy
Registered User
It is an unequivocal fact. With costly social programs and the astronomically high tax rate for those who are higher up in the bracket - it is going to have a prohibitive effect.
I brought both of those points up.
There are other factors that are related, and less important, but present.
Getting paid in USD and spending in CAD.
The number 1 factor is: can I win there and be successful? Personally and within the scope of the team.
Then it becomes a decision based on the players and staff.
Then it goes to the living conditions (do the family members want to move there, are they willing to be far away, or do they want to be close by). Antonio Davis years ago said he wanted to go back to the US because his kids were learning the Canadian anthem and not the American, in school in Toronto.
A guy born in Phoenix whose family resides in Phoenix, who lives in Phoenix during the off season, who might live in Toronto 100 days out of the year would have a hard time convincing the CRA and IRS that his primary residence is in Phoenix?
1.) it’s about. ECONOMIC ties. He has never worked in Arizona. This isn’t about voting. It is about the canadian government wanting their cut
2.) he makes money in Toronto. He has canadian endorsements with Scotiabank. His economic ties are clearly here.
3.) 100 days? Huh?
he came to Toronto September 3. The season is from september to April. That’s 8 months out of 12. 41 games in Toronto. Plus 1 in each of Vancouver Edmonton Calgary and Winnipeg. Plus about 5 between ottawa and Montreal.
That’s about 50 games. They stay in Toronto on off days between home games. He even stayed in toronto over the Christmas break. It very easily could be over 6 months.
look at the petry article. He is an American. His agent clearly says they were debating tax differences in Montreal and Edmonton. So he clearly pays canadian taxes.
do you think stamkos. A canadian citizen who lives in Toronto in the off-season pays Canadian taxes? Or American?
In other words, if you're right, him being in Toronto over the Christmas break means nothing in the context of this thread...
Not surprised.
huh? The entire point is that it’s NOT as simple as “living in The states” for 6 months. It’s where your economic ties are strongest. If it was he would have to collect every possible day. He works in Canada. Has endorsements in Canada.
He is more than likely taxed like a canadian. Or else he would be spending every off day in the states.
Read slower next time.
???? actual quotes from accountants with active NHL clients who report that primary residency is determined by where you have the greatest economic ties......
days in a country is one of many factors. If all that Matthews has to do is be in the us for 183 days a year. He would have to bank as many as he could. The leafs spend about 150 days in Canada in the regular season.
Then there is preseason and playoffs. IF Matthews could just add up days in the US. He would have had to go to America on all off days. To try to get to 183.
