John Tavares has taken more than 20,000 faceoffs during his 15-year NHL career, but it's one with the Canada Revenue Agency that may be the most consequential. The Toronto Maple Leafs forward is taking the CRA to court over a dispute as to how a signing bonus from 2018 should be taxed.
John Tavares, centre, poses with then-Toronto Maple Leafs General Manager Kyle Dubas, right, and President Brendan Shanahan following a news conference in Toronto after Tavares signed with the Toronto Maple Leafs, July 1, 2018. John Tavares has taken more than 20,000 faceoffs during his 15-year NHL career, but it’s one with the Canada Revenue Agency that may be the most consequential.
As the issue remains before the courts, it’s not just Tavares and fans of the Maple Leafs who are paying attention to the result. Everyone from the players, their agents and the teams themselves are keeping a close eye on the case, as a ruling in favour of the CRA could forever change how Canadian franchises negotiate with hockey's greatest talents.
“The CRA has taken the position that since the signing bonus has conditions on it, and if a player does certain things, that’s no longer an inducement,” Walsh said. “By virtue of the language of the deal, it’s been converted to regular income, and can be taxed at a regular income tax rate.
Taken third overall by the Florida Panthers in the 2011 NHL Entry Draft, Huberdeau spent the first 10 years of his career in the “Sunshine State,” evolving into one of the more productive forwards in the league. Had he signed the exact same contract with the Panthers, he would have paidCalgary Flames' Jonathan Huberdeau controls the puck against the Carolina Hurricanes during the first period of an NHL hockey game in Raleigh, N.C., March 10, 2024.
Florida Panthers centre Sam Reinhart raises the Stanley Cup trophy after defeating the Edmonton Oilers, June 24, 2024, in Sunrise, Fla. The Panthers defeated the Oilers 2-1. “I spend a lot of time sitting down with a player and his family, because I’m sure there’s no right or wrong answer,” Walsh said. “It’s different for different players. I’ve had some say to me, ‘my number one priority is to play for a winning team,’ or ‘my top priority is to play for a particular coach, because he’ll allow me to play the game I want to play.
A federal judge has ruled former U.S. president Donald Trump and his campaign must pause on using the song 'Hold On, I'm Coming.'James Darren, a teen idol who helped ignite the 1960s surfing craze as a charismatic beach boy paired off with Sandra Dee in the hit film 'Gidget,' died Monday at 88.
BC Ferries has docked the Queen of New Westminster due to an engine issue, resulting in seven cancelled sailings between Swartz Bay and Tsawwassen on Tuesday.Police in British Columbia are investigating after gunshots were fired into the home of a rising Punjabi music star early Monday morning.Toronto’s latest murder victim has been identified as 15-year-old Mario Giddings.
Quebec City Via Rail passengers out thousands of dollars after missed cruise ship departures due to delay Manitoba's NDP government, approaching the first anniversary of its election victory, is facing a fiscal squeeze as it tries to fulfil promises to cut living costs, give more money to public sector workers and eliminate chronic deficits.Sask. man sexually assaulted paramedic called to treat his overdose at Craven area campground
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
There are many problems with CRA’s pursuit of Toronto Maple Leaf John TavaresThe approach taken by Mr. Tavares was simply taking advantage of planning allowed by the Canada-U.S. tax treaty. He could have structured his compensation in a more tax-aggressive manner. But he didn’t
Read more »
BEYOND LOCAL: Auston Matthews inherits Leafs captaincy from John TavaresTavares said he took some time to evaluate where the team was at following its sixth first-round loss in eight seasons, but concluded that now was the right time for the ‘C’ to move onto a player in the Leafs’ younger core
Read more »
Maple Leafs to name Auston Matthews as new captain, taking over from John TavaresMatthews has spent his entire career with the Maple Leafs and has finished as the NHL’s top goal-scorer in three of the last four years
Read more »
Sixty years of Toyota in Canada: We start with a 1979 Cressida in St. John’sTo celebrate the milestone, the automaker is heading on the ultimate cross-Canada road trip with some of its latest models, and a classic
Read more »
As strike looms, Canada unwilling to wade into Air Canada pilot dispute, source saysCanada is reluctant to force Air Canada's pilots back to work if they go on strike, a government source told Reuters this week, even though Ottawa took that ...
Read more »
Canada's economy grows more than Bank of Canada or economists expectedCanada's economy grew in the second quarter, according to Statistics Canada.
Read more »