Athletes & Canadian Taxes

[WuTang_CMB]

This is from a player agent in nhl

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[HangTime]

I've always thought the salary cap should be based on after net salaries.

[MessiahUjiri]

I've always thought the salary cap should be based on after net salaries.

That introduces unnecessary complexities as the political variables change over time.

Next thing someone will say salary cap should be based on cost of living (eg NY needs more than OKC). This kind of thing just doesn’t work.

[ItsDanger]

There's a lot more to the equation than current year's salary income.

[C_Money]

For some reason this is a huge talking point in hockey that nobody wants to play in Canada. Meanwhile the Oilers are 1 win away from making the Finals.

[mad-man]

For some reason this is a huge talking point in hockey that nobody wants to play in Canada. Meanwhile the Oilers are 1 win away from making the Finals.

What a low IQ comment.

It is well known Canadian teams have to pay more to offset taxes and quality of life.

[C_Money]

For some reason this is a huge talking point in hockey that nobody wants to play in Canada. Meanwhile the Oilers are 1 win away from making the Finals.

What a low IQ comment.

It is well known Canadian teams have to pay more to offset taxes and quality of life.

Did you skip reading the OP? They don’t have to pay more in taxes.

[2019nbachamps]

For some reason this is a huge talking point in hockey that nobody wants to play in Canada. Meanwhile the Oilers are 1 win away from making the Finals.

Oilers were terrible for a decade and got a bunch of high lottery picks and 1st overalls including a generational talent who will go down as a top 20 player all time.

[Scase]

Imagine that, as a professional athlete making millions of dollars a year, you should probably have an experienced accountant/FA.

[C_Money]

For some reason this is a huge talking point in hockey that nobody wants to play in Canada. Meanwhile the Oilers are 1 win away from making the Finals.

Oilers were terrible for a decade and got a bunch of high lottery picks and 1st overalls including a generational talent who will go down as a top 20 player all time.

And they were able to re-sign all of them too.

[Thaddy]

Canadian taxes don't make sense. Taxing the rich makes them move elsewhere and reduces the amount of employers. I can't wait for new leadership, that's hopefully more economically conscience.

[tecumseh18]

For some reason this is a huge talking point in hockey that nobody wants to play in Canada. Meanwhile the Oilers are 1 win away from making the Finals.

Apart from all the other ways you're being ratio'd in this thread, the Oilers play in the lowest tax jurisdiction in Canada. They don't even have a provincial sales tax in Alberta.

[Fairview4Life]

Canadian taxes don't make sense. Taxing the rich makes them move elsewhere and reduces the amount of employers. I can't wait for new leadership, that's hopefully more economically conscience.

You're right, we should tax the poor instead.

[Scase]

Canadian taxes don't make sense. Taxing the rich makes them move elsewhere and reduces the amount of employers. I can't wait for new leadership, that's hopefully more economically conscience.

Yep, lets tax all the people with no money, that'll be sure to fix society. But I'm sure you're in the tax bracket that even feels these rates right?

[basketballto]

Canadian taxes don't make sense. Taxing the rich makes them move elsewhere and reduces the amount of employers. I can't wait for new leadership, that's hopefully more economically conscience.

Yep, lets tax all the people with no money, that'll be sure to fix society. But I'm sure you're in the tax bracket that even feels these rates right?

You could tax less and spend less. You could tax less and take on more debt. For some reason we tax more and take on more debt. Next year we have less money because of interest on the debt so we tax more and take on more debt.

Don't tax the poor more. Don't tax people who can easily leave more. You have to cut spending, pay off the debt then in a few years you can use the interest payments for services.

Does anyone here keep borrowing more money year after year to buy things just to make you feel good for the moment? Why would you want the government to do that?

[Scase]

Canadian taxes don't make sense. Taxing the rich makes them move elsewhere and reduces the amount of employers. I can't wait for new leadership, that's hopefully more economically conscience.

Yep, lets tax all the people with no money, that'll be sure to fix society. But I'm sure you're in the tax bracket that even feels these rates right?

You could tax less and spend less. You could tax less and take on more debt. For some reason we tax more and take on more debt. Next year we have less money because of interest on the debt so we tax more and take on more debt.

Don't tax the poor more. Don't tax people who can easily leave more. You have to cut spending, pay off the debt then in a few years you can use the interest payments for services.

Does anyone here keep borrowing more money year after year to buy things just to make you feel good for the moment? Why would you want the government to do that?

Cut spending on what exactly? The healthcare in the country has been in the crapper for like 20 years, healthcare workers, teachers etc. get paid peanuts, and so on. So where exactly is the money going?

It's weird though, the group that loves to cry about low taxes and cutting spending seems to have zero qualms cutting spending from the things they want to privatize, and cut taxes for the people they just so happen to be a part of. Definitely couldn't be that, it must just be improper spending.

[links135]

Canadian taxes don't make sense. Taxing the rich makes them move elsewhere and reduces the amount of employers. I can't wait for new leadership, that's hopefully more economically conscience.

This is why no rich folk live in NY or California.

Which is like saying no one drives anymore, the streets are too full.

[basketballto]

Yep, lets tax all the people with no money, that'll be sure to fix society. But I'm sure you're in the tax bracket that even feels these rates right?

You could tax less and spend less. You could tax less and take on more debt. For some reason we tax more and take on more debt. Next year we have less money because of interest on the debt so we tax more and take on more debt.

Don't tax the poor more. Don't tax people who can easily leave more. You have to cut spending, pay off the debt then in a few years you can use the interest payments for services.

Does anyone here keep borrowing more money year after year to buy things just to make you feel good for the moment? Why would you want the government to do that?

Cut spending on what exactly? The healthcare in the country has been in the crapper for like 20 years, healthcare workers, teachers etc. get paid peanuts, and so on. So where exactly is the money going?

It's weird though, the group that loves to cry about low taxes and cutting spending seems to have zero qualms cutting spending from the things they want to privatize, and cut taxes for the people they just so happen to be a part of. Definitely couldn't be that, it must just be improper spending.

Your province funds healthcare and each province is different so lets focus on the federal government. What could you cut on the federal side? You could hold off new spending like daycare, dental plans until you can afford it. You could cut federal employees. Billion dollar programs like we charity. You could cut a million things. Everything from the Prime Minister's assistants hat budget to advertising how great things are. You could cut hockey Canada budget. Keep what is important and cut the frills. Stop shopping at Metro and hit a dollar store until you can afford it.

You deserve more than you buy yourself. You could have a bigger hat budget. What stops you from taking out a loan each year to increase your hat budget? It's probably not that important to you. Someone like Gary has a massive hat budget but he can afford it. You may feel Canada should be able to afford a bigger hat budget but the budget says we need to borrow to afford it.

[Thaddy]

You could tax less and spend less. You could tax less and take on more debt. For some reason we tax more and take on more debt. Next year we have less money because of interest on the debt so we tax more and take on more debt.

Don't tax the poor more. Don't tax people who can easily leave more. You have to cut spending, pay off the debt then in a few years you can use the interest payments for services.

Does anyone here keep borrowing more money year after year to buy things just to make you feel good for the moment? Why would you want the government to do that?

Cut spending on what exactly? The healthcare in the country has been in the crapper for like 20 years, healthcare workers, teachers etc. get paid peanuts, and so on. So where exactly is the money going?

It's weird though, the group that loves to cry about low taxes and cutting spending seems to have zero qualms cutting spending from the things they want to privatize, and cut taxes for the people they just so happen to be a part of. Definitely couldn't be that, it must just be improper spending.

Your province funds healthcare and each province is different so lets focus on the federal government. What could you cut on the federal side? You could hold off new spending like daycare, dental plans until you can afford it. You could cut federal employees. Billion dollar programs like we charity. You could cut a million things. Everything from the Prime Minister's assistants hat budget to advertising how great things are. You could cut hockey Canada budget. Keep what is important and cut the frills. Stop shopping at Metro and hit a dollar store until you can afford it.

You deserve more than you buy yourself. You could have a bigger hat budget. What stops you from taking out a loan each year to increase your hat budget? It's probably not that important to you. Someone like Gary has a massive hat budget but he can afford it. You may feel Canada should be able to afford a bigger hat budget but the budget says we need to borrow to afford it.

The Arrive Canada scam was the epitome of the problem we have in the government with spending. It's easy giving away money that isn't directly coming out of your bank account. The government needs to be tough negotiators when it comes to contractors.

[KL78192020]

Canadian taxes don't make sense. Taxing the rich makes them move elsewhere and reduces the amount of employers. I can't wait for new leadership, that's hopefully more economically conscience.

Yep, lets tax all the people with no money, that'll be sure to fix society. But I'm sure you're in the tax bracket that even feels these rates right?

What does taxing the rich even mean. Tax rates are pretty high on the tax bracket over $100k, but a $100k is nowhere what it once was. I do think income taxes should be reduced in that federal bracket of $111k to $173k, inflation has reduced what that income bracket once was. People making $246k are taxed the same rate and those making millions which seems odd.

The sunshine list in Ontario is also completely outdated. It was introduced in 1996 for people making over 100k. Based on inflation it should be $175k.