Outta The Court, Jan 22, 2019 - Canadian Taxes And Athletes

Court is in session! Criminal lawyers Scott Cowan and Adam Goodman are joined by Barry Davis to discuss the tax structure in Canada and if it’s negatively affecting athletes choosing to play for Canadian professional sports teams. Are we, as Canadian sports fans, falling victim to an inferiority complex or are athletes choosing to stay away from the great white north? Adam Scherer, accountant dealing in corporate, partner and sports tax, joins the guys to discuss a myriad of topics that become intriguing talking points. The quartet chat about signing bonuses and how they affect a player’s salary in a cap system. Are endorsement deals taxable? Can you be living in Canada but working for a US owned sports team and still be taxed in Canadian dollars? Does the exchange rate balance out the tax differences? Yeah, we have questions and they’re answered! All that and more… Its all laid out for you on Outta The Court.