Friedman: Players don’t want to sign in Canada?

[Skinnyjimmy08]

Obviously..

It's unfortunate, but this is well known

 

[Peasy]

lol, 2 Cups in Florida over 17 years, the 2nd Florida team was a disaster due to terrible ownership. And Tampa had to go to 18 mil over the cap in the playoffs to get the 2nd one.

imo, the Canadian players had to go through the bubble playoffs and a whole season without fans and serious restrictions due to Covid where states in the US are wide open, seems to be the biggest reason to me. Tavares just left NYI to go to Toronto and lots of players went there and to teams in the north last off-season. If something is different now, seems to be the Covid response as the culprit.

could be way off base, but taxes ain’t it.

So you're just gunna ignore the fact that its coming straight from players' mouths that taxes play a role? Okay...

Obviously there are several factors that play into it, but to straight up dismiss taxes being a factor is silly.

 

[ArmadilloThumb]

Beowulf, that is incorrect.

Ontario's top rate is 53.53% on anything over $220,000. So that nails much of even what a league minimum salary is, and practically most of what you pay if you are on a mid level $4M contact. A star making $7 - 10 million is going to be paying that almost 54% on almost all of their salary, and they are probably being advised that it's probably going up to close to 60% depending on the fall election.

Actual marginal rates (you need to look at the combined Federal & Provincial table to understand the actual tax liability):

TaxTips.ca - Ontario Personal Income Tax Rates

 

[roflstomper]

I mean Canada is okay but have you seen the US. Not a fair fight.

 

[Sam of Montreal]

Some people don't want the government to control every aspect of their lives. Shocking, I know.

Haha. Oh you. I bet you are a republican. And not vaccinated.

 

[Skinnyjimmy08]

And water is wet, we’ve known this for decades

I know someone that played in NHL for years in the 90s and that's how it was then too.. the US was way more preferred then too

 

[WhiskeyYerTheDevils]

Haha. Oh you. I bet you are a republican. And not vaccinated.

I am not a republican, and I am vaccinated.

Imagine thinking that some people not wanting to be controlled by their government as some sort of controversial opinion.

 

[Nihiliste]

These F'ing guys make millions to frickin play!

Millions to push a puck on a sheet of ice.

For those millions we the fans get charged hundreds to thousands of dollars to watch you PLAY.

So you better frickin believe I will chear you on when you're doing well and bash you when you are shitting the bed.

Millionaire bitches is what most of them are.

Never hear complaining when they are signing their contract.

This has been going on forever. If you are affected by this then you are not meant to play competitive sports in the public eye.

If I pay 400$ to be entertained and you lose 4-0 while coasting all night, yeah I'm going to bitch about you, the team, the coaches etc because I reserve that right as a paying customer.

GTFO of here with your don't want to play in Canada cause its hard... boo hoo hoo!

See players will see unhinged takes like this, happily take the money to live in peace in some other market, and whatever team you’re a fan of will be worse off. By exercising your “right” to attack players on social media or harass them when they’re at dinner with their wife, you’re actively hurting your team’s chances of winning

 

[viper0220]

I’m shocked at how uninformed this take is-
1. Players in Canada can set up a Retirement Compensation Agreement (RCA) and limit their tax liability to a flat 20%. With sound tax advisors, a NHL player can actually pay the same or less tax in Canada than he will Florida or Vegas.



This is Allan Walsh

 

[The Burdened]

to the shock of no one, once again Canada's inferiority complex has managed to show itself

 

[beowulf]

Beowulf, that is incorrect.

Ontario's top rate is 53.53% on anything over $220,000. So that nails much of even what a league minimum salary is, and practically most of what you pay if you are on a mid level $4M contact. A star making $7 - 10 million is going to be paying that almost 54% on almost all of their salary, and they are probably being advised that it's probably going up to close to 60% depending on the fall election.

Actual marginal rates (you need to look at the combined Federal & Provincial table to understand the actual tax liability):

TaxTips.ca - Ontario Personal Income Tax Rates

Ummmm how is it incorrect? I got the information directly from the government websites.

 

[ManofSteel55]

Wait. Are you saying Canada reacted poorly to Covid? I get the restrictions aren't - and still aren't ideal, but Canada was similar to the rest of the first world countries in their serious approach -- except for one. I acknowledge my bias here, but I'd think long and hard about how that one country and it's people reacted to the pandemic.

I think the only players with COVID issues are like those idiots holding anti-lockdown rallies who have done enough mental gymnastics to convince themselves that it wasn't a big deal, or are just worried about border crossings and being away from family. The latter isn't really a very accurate way of portraying that issue.

 

[beowulf]

I mean Canada is okay but have you seen the US. Not a fair fight.

This has got to be sarcasm lol

 

[viper0220]

https://twitter.com › walsha › status
Web results
Allan Walsh on Twitter: "I'm shocked at how uninformed this take is- 1. Players ...

 

[MarkovsKnee]

What's the social media aspect of that?

Crazy people going on players Instagram or other social media to tell them they suck, or make death threats, etc, whenever they aren't perfect or from opposing team fans if they do something shitty.

 

[93gilmour93]

I am not a republican, and I am vaccinated.

Imagine thinking that some people not wanting to be controlled by their government as some sort of controversial opinion.

Ya no kidding. It's typical behavior in 2021.

 

[viper0220]

 

[topshelf15]

Not really news.. Money goes further,players can go out in public without being mobbed...Nicer weather...Are likely the three biggest reasons

 

[beowulf]

to the shock of no one, once again Canada's inferiority complex has managed to show itself

More like the American superiority complex....think they are the best at everything and the best country in the world but really no, the US isn't and has not been close to the best in a LONG time. The US just has far too many issues for most people who are not US citizens born there or refugees running from worst countries.

If I were to move away from Canada, I'd head to most European counties or places like Australia or New Zealand way before the US. And in the US I'd only consider certain places and a lot of people feel the same way.

 

[Richard]

Ummm no...federal tax rates in Canada are below and is progressive so they don't pay the max on the whole amount they make, they pay the rate on the amount for each bracket. So saying it's a flat 51% is not really right. Most places in Canada are generally not all the much more than most places in the US and in some cases less. You also get a ton of social services in Canada that you would not get in the US you can argue a pro athlete might not care about those services but I think it depends on their situation. Not having to purchase health insurance if you have a wife and a few kids is a big savings.

• 15% on the first $49,020 of taxable income, plus
  
• 20.5% on the next $49,020 of taxable income (on the portion of taxable income over 49,020 up to $98,040), plus
• 26% on the next $53,939 of taxable income (on the portion of taxable income over $98,040 up to $151,978), plus
• 29% on the next $64,533 of taxable income (on the portion of taxable income over 151,978 up to $216,511), plus
• 33% of taxable income over $216,511

And by province of territory

Provincial and territorial tax rates (combined chart)

Provinces and territories	Rates
Newfoundland and Labrador	8.7% on the first $38,081 of taxable income, + 14.5% on the next $38,080, + 15.8% on the next $59,812, + 17.3% on the next $54,390, + 18.3% on the amount over $190,363
Prince Edward Island	9.8% on the first $31,984 of taxable income, + 13.8% on the next $31,985, + 16.7% on the amount over $63,969
Nova Scotia	8.79% on the first $29,590 of taxable income, + 14.95% on the next $29,590, + 16.67% on the next $33,820, + 17.5% on the next $57,000, + 21% on the amount over $150,000
New Brunswick	9.68% on the first $43,835 of taxable income, + 14.82% on the next $43,836, + 16.52% on the next $54,863, + 17.84% on the next $19,849, + 20.3% on the amount over $162,383
Quebec	Go to Income tax rates (Revenu Québec Web site).
Ontario	5.05% on the first $45,142 of taxable income, + 9.15% on the next $45,145, + 11.16% on the next $59,713, + 12.16% on the next $70,000, + 13.16% on the amount over $220,000
Manitoba	10.8% on the first $33,723 of taxable income, + 12.75% on the next $39,162, + 17.4% on the amount over $72,885
Saskatchewan	10.5% on the first $45,677 of taxable income, + 12.5% on the next $84,829, + 14.5% on the amount over $130,506
Alberta	10% on the first $131,220 of taxable income, + 12% on the next $26,244, + 13% on the next $52,488, + 14% on the next $104,976, + 15% on the amount over $314,928
British Columbia	5.06% on the first $42,184 of taxable income, + 7.7% on the next $42,185, + 10.5% on the next $12,497, + 12.29% on the next $20,757, + 14.7% on the next $41,860, + 16.8% on the next $62,937, + 20.5% on the amount over $222,420
Yukon	6.4% on the first $49,020 of taxable income, + 9% on the next $49,020, + 10.9% on the next $53,938, + 12.8% on the next $348,022, + 15% on the amount over $500,000
Northwest Territories	5.9% on the first $44,396 of taxable income, + 8.6% on the next $44,400, + 12.2% on the next $55,566, + 14.05% on the amount over $144,362
Nunavut	4% on the first $46,740 of taxable income, + 7% on the next $46,740, + 9% on the next $58,498, + 11.5% on the amount over $151,978

[TBODY] [/TBODY]

Also people are arguing abut it here but the article I found on sportnet says ONE GM said that so take it for what it's worth.

Ya you're just proving that gm's point,


US Federal tax rate is (with A LOT MORE TAX DEDUCTIONS THAN CANADA):

10%	$0 to $9,875	10% of taxable income
12%	$9,876 to $40,125	$987.50 plus 12% of the amount over $9,875
22%	$40,126 to $85,525	$4,617.50 plus 22% of the amount over $40,125
24%	$85,526 to $163,300	$14,605.50 plus 24% of the amount over $85,525
32%	$163,301 to $207,350	$33,271.50 plus 32% of the amount over $163,300
35%	$207,351 to $518,400	$47,367.50 plus 35% of the amount over $207,350
37%	$518,401 or more	$156,235 plus 37% of the amount over $518,400

[TBODY] [/TBODY]

Then add state income tax --- Florida 0, Pennsylvania (my state) 3.07 percent.

So you play for the penguins you get taxed (not including jock fees --- different story) 40.07 percent.

You play for Toronto you get taxed 46.16% with less write off potential. Montreal is way worse: 53.31% (including the federal rebate deduction).

That's 60,000 in savings PER Million. Crosby saves $570,000.00 by playing in Pittsburgh over Toronto.

Why would any player choose to make less money for himself and to set future generations of his family up for the foreseeable future?

People are surprised millionaires don't want to give their money away?

 

[Cams]

True , add in the weather, 6 months of winter in some places and Canada's political values which have certainly went to the far left lately. These are all factors.

Depends on what you consider "winter". Toronto, Montreal, Vancouver, even Ottawa certainly don't 6 months of winter. Plus, I am sure most hockey players aren't too concerned about politics, otherwise there would have been an exodus from US teams up until last year.

Taxes maybe...... fishbowl atmosphere in a few of the markets (TOR/MTL) is probably big factor in the social media aspect. Social media makes wannabe heroes out of idiots. I bet local media is a big factor. Pandemic restrictions...... what can you do about that. Things are much better in Canada now, and restrictions are being scaled back, the border is even re-opening to vaccinated Americans.

 

[beowulf]

Ya you're just proving that gm's point,


US Federal tax rate is (with A LOT MORE TAX DEDUCTIONS THAN CANADA):

10%	$0 to $9,875	10% of taxable income
12%	$9,876 to $40,125	$987.50 plus 12% of the amount over $9,875
22%	$40,126 to $85,525	$4,617.50 plus 22% of the amount over $40,125
24%	$85,526 to $163,300	$14,605.50 plus 24% of the amount over $85,525
32%	$163,301 to $207,350	$33,271.50 plus 32% of the amount over $163,300
35%	$207,351 to $518,400	$47,367.50 plus 35% of the amount over $207,350
37%	$518,401 or more	$156,235 plus 37% of the amount over $518,400

[TBODY] [/TBODY]

Then add state income tax --- Florida 0, Pennsylvania (my state) 3.07 percent.

So you play for the penguins you get taxed (not including jock fees --- different story) 40.07 percent.

You play for Toronto you get taxed 46.16% with less write off potential. Montreal is way worse: 53.31% (including the federal rebate deduction).

That's 60,000 in savings PER Million. Crosby saves $570,000.00 by playing in Pittsburgh over Toronto.

Why would any player choose to make less money for himself and to set future generations of his family up for the foreseeable future?

People are surprised millionaires don't want to give their money away?

See above tweet from Allan Walsh....

 

[viper0220]

Yeah it's not about taxes. Players just don't want to live in the People's Republic of Canada.

If am a young millionaire hockey player, I would rather live some where I can enjoy my life.

If am a married hockey player, I would want to live somewhere my family and I can enjoy my life.

 

[Unspecified]

Canadian media and fans are just more likely to be toxic as f***! Who wants to play for a team that is constantly dragged on social media and in the news.

 

[topshelf15]

Canada,s taxes are too much ,we have too big a country for the actual amount of people ...So we get killed