The focus shouldn’t be whether RCA’s are creating an advantage. The question that should be asked is whether RCA’s are reducing the perceived disadvantage, and if so to what extent?
I’d love to see some media coverage on how Canadian teams are leveraging RCA’s. I’m sure there are a lot of players on Canadian teams with them. Of course that involves personal and confidential info teams have to be very careful about discussing.
It’s simple and easy for the hockey media to drive a narrative of look at “tax rate in City A vs City B—this isn’t fair”. Doesn’t take a whole lot of work.
Delving into all the tax planning options players have available is a lot more complicated, takes a lot more time to discuss on air, and frankly most of the media wouldn’t care.
1.) I think you are drastically underestimating the hockey coverage in Canada. I can only speak to Toronto but there are 16 hrs a day of coverage on multiple channels 12 months a year. The leafs have a 2 hour radio show in august 5 days a week.
they cover schedule a and b entry level. Expansion rules. Escrow the new CBA and the cap and taxes
All the time. It isn’t new.
also RCAs aren’t a foreign concept to Canadians. Mosts Canadian have some form of RRSP. It’s a well known thing. It wouldn’t take much knowledge. To cover
2.) there are a steady stream of what? 50 NHL players execs and coaches who have played and coached all over the world. Who are on the radio and tv all the time. They cover everything they talk about different experiences including fans. Rinks taxes. Etc. They talk about how much more money they made in Florida. Of RCAs were viable. They would just say so. Why wouldn’t they say so. It’s not a difficult concept to say.
-A bunch of guys put their money in unique RCA and retired to Florida and saved a bunch on taxes?
option A: it doesn’t really matter that much in the real world?
Option B: everyone is lying and keeping it secret.
based on my personal experience with the program and listening to hockey players talk about their lives and uncertainty and building life after hockey. There is no way that players would want to lock their money up and hope that they could retire to X place at x time to save X taxes.
they don’t know about trades or family or jobs after hockey. If it was something that was used to any large extent. It would be talked about during the thousands of hours of content from hundreds of players.