TSN: What do you think about the whole canadian division?

[colchar]

He’s taxed on all income. So, if he’s unable to declare his residency for Arizona for a calendar year due to the excess time spent in Canada he’ll be hit with it either for 2020 or 2021, potentially both. In the CRA’s eyes it doesn’t matter how his income is structured.

Don't forget that guys with his income can afford to hire the best tax accountants and tax lawyers in the country.

 

[colchar]

Pending approval we could see exhibition games start in a little over a month

Oh please, make it happen.

 

[93LEAFS]

Don't forget that guys with his income can afford to hire the best tax accountants and tax lawyers in the country.

If he ends up in Canada for over 180 days, he's going to have tax issues. I don't feel bad for anyone who is paid 11m a year to play a sport having to pay their fair share of taxes, but obviously, it'd be an annoyance for that person.

 

[LEAFSANDBILLSFAN]

Thrilled. If this board is any indication of what we can expect, how could you not be thrilled? Let's be honest the Western Canadian Teams are more excited to play us than any American Eastern Teams not named Boston, Buffalo, or Detroit (debatable). I am a shift worker so the late games won't bother me.

 

[The Hanging Jowl]

Could be boring watching the same teams over and over but could also lead to come added hate developing. That I'd like to see.

 

[robertmac43]

The more teams play each other, the bigger the rivalry. For this season, its a good idea.

Could add some atmosphere to the empty arenas thats for sure!

 

[al secord]

Especially the way the Atlantic Division Canadian teams have been filling out their rosters. Bringing some much needed anger back to the league would be a good thing.

 

[darrylsittler27]

I think it's the best thing for hockey. Rivalries galore and at least Cdns will watch to see who the Cdn champ is. No one watched the cup. Bettman ruined the NHL, A Cdn league helps fix it.

 

[TheGroceryStick]

Especially the way the Atlantic Division Canadian teams have been filling out their rosters. Bringing some much needed anger back to the league would be a good thing.

Imagine if they follow suit of the OHL and ban hitting hahaha be a shit show

 

[cannucky]

If he ends up in Canada for over 180 days, he's going to have tax issues. I don't feel bad for anyone who is paid 11m a year to play a sport having to pay their fair share of taxes, but obviously, it'd be an annoyance for that person.

He's an American so he's liable for US tax as an American living abroad . CRA uses 183 days for actual Canadians not 180 , he may under the tax treaty be liable for tax in both countries .
Back to the actual topic of the thread a Canadian division could be a lot of fun to watch but what does it do at playoff time when its becomes about the conference ?

 

[Fogelhund]

He's an American so he's liable for US tax as an American living abroad . CRA uses 183 days for actual Canadians not 180 , he may under the tax treaty be liable for tax in both countries .
Back to the actual topic of the thread a Canadian division could be a lot of fun to watch but what does it do at playoff time when its becomes about the conference ?

Cross the conference bridge when it comes. If Covid is still a major issue, they probably do division playoffs, then winners of division, then east west....

 

[AvroArrow]

This is actually going to be amazing. All Canadian rivalries will be something else. The Matthews/McDavid showdowns should be awesome.

 

[AllDay28]

In a perfect world they get rid of divisions altogether and go with a more European soccer approach. But it would be kinda cool to see an all Canadian division.

 

[81Leafs50]

An all canadian division would definitely ratchet up the energy and excitement for a season with no fans. WHO wouldn't want to see Matthews VS McDavid 15-20 times???

 

[JT AM da real deal]

He's an American so he's liable for US tax as an American living abroad . CRA uses 183 days for actual Canadians not 180 , he may under the tax treaty be liable for tax in both countries .
Back to the actual topic of the thread a Canadian division could be a lot of fun to watch but what does it do at playoff time when its becomes about the conference ?

My wife is a Yank and she files 2 returns - first in Canada and then in US. But she is a Canadian resident. After she pays Canadian taxes her American taxes owing are nothing. US taxes are a tiny fraction of Canadian taxes.
One of my sons is a dual citizen in hockey and lives/resides in Florida but used to play here in Canada most of his home games. His team deducted his tax withholding every 2 weeks from his pay. and then you have to deal with CRA to get back some tax withholdings as a US resident. Da teams have no say in this issue. And unless you have a great tax plan which expensive tax accountants prepare/defend for you you are not gonna fight them on your own. It is complex stuff like real complex. Guys like Matty would pay well north of $100K per on this expertise at like $1,800 per hour.

 

[McSnypsky]

With the Raps being denied playing in TO it's all but certain that there will have to be a Canadian division. I do think they will do what they did with MLS though and after they played each other like 4 times they will move to play in the US until Playoffs

 

[ACC1224]

In a perfect world they get rid of divisions altogether and go with a more European soccer approach. But it would be kinda cool to see an all Canadian division.

That hardly seems perfect. Most would prefer all games in the eastern time zone not less.

 

[Mess]

An all Canadian division would definitely ratchet up the energy and excitement for a season with no fans. WHO wouldn't want to see Matthews VS McDavid 15-20 times???

Lots , like say any fans that don't follow Leafs nor Oilers.

Not only would you have no fans in the building, you also would have limited fans on TV tuning in to see that same event over and over and over again. IMO

Would you tune it to see Montreal play Ottawa 20 times or Vancouver play Winnipeg 20 times over the span of 3-4 months?

An all Canadian Div would only work globally if you had the Canadian Div play off against USA Divisions in a somewhat balanced schedule that exists today of a slight one favouring Div play.

An all Canadian independent league would be the equivalent of the CFL pretending its the NFL and calling them equals when competing for the same Cup. Sort of like the BC Lions or Toronto Argonauts playing the Seattle Seashawks or Pittsburgh Steelers essentially.

 

[KyleDubasBoyGeniua]

If he ends up in Canada for over 180 days, he's going to have tax issues. I don't feel bad for anyone who is paid 11m a year to play a sport having to pay their fair share of taxes, but obviously, it'd be an annoyance for that person.

He's gotten 30.4 milion U.S the last 2 Canada days alone in bonuses. That more than makes up for any argument he'd make more in the U.S.

 

[Byron Bitz]

If he ends up in Canada for over 180 days, he's going to have tax issues. I don't feel bad for anyone who is paid 11m a year to play a sport having to pay their fair share of taxes, but obviously, it'd be an annoyance for that person.

The issue isn’t feeling bad for him. The only issue is Will the tax situation cause him to walk as a free agent after his contract?

 

[93LEAFS]

That hardly seems perfect. Most would prefer all games in the eastern time zone not less.

Yeah, the entire reason division are set-up the way they currently are is to maximize viewership, more than reduce travel.

 

[DopeyFish]

If he ends up in Canada for over 180 days, he's going to have tax issues. I don't feel bad for anyone who is paid 11m a year to play a sport having to pay their fair share of taxes, but obviously, it'd be an annoyance for that person.

this is why Leafs usage of signing bonuses mitigate this

so in matthews case, he's been paid $15.2 million already and the games played in canada amount to $700k

 

[tmlfan98]

Weakest division in the league next year. Conference finals or bust for us assuming the 1st and 2nd rounds are division matchups.

 

[Golden_Jet]

Weakest division in the league next year. Conference finals or bust for us assuming the 1st and 2nd rounds are division matchups.

Points percentage they were in the weakest division last year.

 

[93LEAFS]

this is why Leafs usage of signing bonuses mitigate this

so in matthews case, he's been paid $15.2 million already and the games played in canada amount to $700k

Signing bonuses don't do anything in this case. It's about where he has to pay taxes, with a Canadian division, he likely doesn't spend enough time in Canada to avoid paying perment resident taxes whereas he usually pays them in Arizona.