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We’re going over the John Tavares tax situation with the Toronto Maple Leafs and the CRA.
Article: https://nationalpost.com/news/canada/john-tavares-cra-tax-fight-8-million
This video is taking place after the 2023 NHL Entry Draft, and after the 2023 Stanley Cup Playoffs.
The 2023 NHL Draft 1st Round went as follows:
1st) Chicago Blackhawks, Connor Bedard
2nd) Anaheim Ducks, Leo Carlsson
3rd) Columbus Blue Jackets, Adam Fantilli
4th) San Jose Sharks, Will Smith
5th) Montreal Canadiens, David Reinbacher
6th) Arizona Coyotes, Dmitri Simashev
7th) Philadelphia Flyers, Matvei Michkov
8th) Washington Capitals, Ryan Leonard
9th) Detroit Red Wings, Nate Danielson
10th) St. Louis Blues, Dalibor Dvorsky
11th) Vancouver Canucks, Tom Willander
12th) Arizona Coyotes (from Ottawa Senators), Daniil But
13th) Buffalo Sabres, Zach Benson
14th) Pittsburgh Penguins, Brayden Yager
15th) Nashville Predators, Matthew Wood
16th) Calgary Flames, Samuel Honzek
17th) Detroit Red Wings (from New York Islanders via Vancouver Canucks), Axel Sandin Pellikka
18th) Winnipeg Jets, Colby Barlow
19th) Chicago Blackhawks (from Tampa Bay Lightning), Oliver Moore
20th) Seattle Kraken, Eduard Sale
21st) Minnesota Wild, Charlie Stramel
22nd) Philadelphia Flyers (from Los Angeles Kings via Columbus Blue Jackets), Oliver Bonk
23rd) New York Rangers, Gabe Perreault
24th) Nashville Predators (from Edmonton Oilers), Tanner Molendyk
25th) St. Louis Blues (from Toronto Maple Leafs), Otto Stenberg
26th) San Jose Sharks (from New Jersey Devils), Quentin Musty
27th) Colorado Avalanche, Calum Ritchie
28th) Toronto Maple Leafs (from Boston Bruins via Washington Capitals), Easton Cowan
29th) St. Louis Blues (from Dallas Stars via New York Rangers), Theo Lindstein
30th) Carolina Hurricanes, Bradley Nadeau
31st) Colorado Avalanche (from Florida Panthers via Montreal Canadiens), Mikhail Gulyayev
32nd) Vegas Golden Knights, David Edstrom
This video is also taking place after 2023 NHL Season, and after the 2023 Stanley Cup Playoffs, where the Vegas Golden Knights defeated the Florida Panthers in the Finals.
Twitter: @LR99Gaming
Portfolio: http://giopalermo.ca/
Twitch: legorocks99
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Hi. I’m “Gio Palermo”, also known as “legorocks99” (“legorocks99Gaming”, “LR99Gaming”, or “LR99”). I post video game commentaries on YouTube revolving around “hockey”, with a primary focus on “Vancouver Canucks”, “Montreal Canadiens”, “Detroit Red Wings”, and top “NHL prospects” topics. These videos are uploaded with “NHL 24” gameplay in the background. I enjoy making these videos and I hope that you enjoy watching them!
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27 Comments
And this is why you don’t play in Canada, you would be crazy to play for a Canadian team in a salary cap league. You get 10 in Florida, you keep 10. You get 10 in Canada you get 4.5.. crazy
Pyjamas almost same as prisons robe 😂😂
It sounds like he didn't report that in his tax filings. Tax man is harsh
It's probably Cale Makars fault. You should make a video about that
first thing..this treaty is reciprocal..meaning canadians like JT can get a ONE TIME tax break from the IRS. It would not surprise me if JT took advantage of this tax break with the Islanders because the state of New York has a very high tax rate. When you get that tax break from the IRS you don't get that break if you move back to Canada. You give up that right under the treaty. Same rule apply to Matthews..no doubt he got a tax break from the CRA,,He would not get such a break from the IRS. Looks like to me JT got some VERY BAD advice somewhere.
It's not where you live, it's where you made the money. So you will pay taxes in every province and state where you play
It’s so crazy how people who earn money want to keep it and don’t want government hands in their pockets. If you don’t think this hurts the Canadian teams and market, you are kidding yourself. Who would want to play in Canada just to be taxed to hell?
RevCan is filled with idiots he'll probably win
John will win his case. CRA is run so poorly some stooge making $20/hr figured they would go after a big fish and here we are.
Johnny your PJ’s better be warm. You might be out in the cold.
Hockey is done in Canada, Thanks Quebec and the federal government
I am Canadian. Canada needs to have same taxes for players same in every team. Weather it’s Canada going down or others going up or all in us funds which it may be now
Canada sucks thats why they cant afford to keep their players lol
I dont blame him canada is raising their taxes to fill the pockets of the crooked politicians
Will become more common for leafs as the government continues to steal money from the people and spend it on useless foreign policy
That's why canadian team needs to cough up a higher salary compared to low tax states just to "even out" the take home of players. That's why canadian team has a hard time winning the stanley as good players tend to go to the states.
so basically Tavares went from Leafs captain to Al Capone all in one video🤔
Who cares? The man has his own income and has his own obligations. They are not ours. They are his. Let him deal with it. There's nothing to see here folks. Go drink a beer or soda and kiss your significant other goodnight.
If I made 10 million a year and government took 38 %, it would be hard but I'd try to get by with the rest
I’m cheering for a Leaf, incredible 🤣🤣🤣. I hope he wins, we don’t want our government keeping good players from coming north. Plus, recent government performances have convinced me I don’t want to pay my taxes either.
That’s just his federal tax btw.
You can bet a provincial taxes lawsuit will follow if the CRA wins.
His accountant found a loophole.
When artists generate income while they visit canada, they can file under the treaty clause.
Since technically he was a resident of the US that specific year, he’s trying to justify this.
He’ll have to pay the tax is my guess.
Just like he has for all subsequent years.
It’s all part of the total compensation.
This channel sucks. Embarrassing for the fella that runs this thing. There is more to life than money.
congratulation trudeau. you will insure no free agents will ever come to canada and drafted players will be demanding trades to the US.
The more you wait the more you pay. Penalties and interest on 8m….Yikes!
So this is how they were trying to make up for the higher offer from the Sharks
I agree with most of the comments, however being someone who has been on the same end of the CRA bonus tax, I kinda hope he wins. As a blue collar worker the odd time I have recieved bonuses for my work. With a family and home to support those bonuses helped alot. But they would have helped alot more had they not been taxed at dam near 40%
Seems strange to me about this tax issue. There has to precedent set before about these bonuses and taxes. Why is the Tavares situation unique?