I am stating what nhl agents players accountants and GMs have said. This topic gets covered probably monthly during the season
There are actual accountants for NHL players who have went through the residency thing. They have showed how much a player can do on the same contract
Canadian playing in Canada
American playing in Canada
euro as well
The actual NHL accountant with players in Canada said it basically works for a year for most and they don’t follow up. I am very clear on how residency works.
It is well documented. The residency and RCAs are commonly suggested as the strategy.
I am not conflating the two. I am combining them as this is what has been recommended by some in articles and Allan Walsh (whose own accountant disagreed on his podcast). More importantly. I believe that this was part of the article that specifically discussed Tavares. I have read so many I could be wrong. But I am pretty sure that one addresses residence plus rca
Tax deferral is not the same as not being taxed cash in hand
I do tax compliance & planning for a living. I'm telling you, respectfully, that you don't understand what those accountants were saying. (I'd comment on the specifics if I could, but you haven't posted any concrete examples, so I'm not even sure what claims you think have been made).
I posted an article from Crowe Soberman (note - I have no personal or professional affiliation with them). It outlines, pretty clearly, the type of tax planning Auston Matthews can do. The fact that an accounting firm published that for free should tell you that the strategies 1) have limited risk and 2) aren't particularly complex. (An accounting firm wouldn't publish an article like that, for the world to see, if there was a lot of risk and/or if it required more than a couple of hours to put together the strategy).
I've said numerous times that
none of this is a criticism of Matthews. I think he should be commended for getting good financial advice. I don't understand what you hope to gain by pretending that the advice doesn't exist.