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08-08-2012, 08:01 AM
Join Date: Jun 2012
Originally Posted by
Just heard on NPR the other day that the awards are fully taxable down here and that medal winners are frequently when they jump several tax brackets. Story also mentioned that UK athletes get an exemption for their awards and that some politician here (Galifianakis?) is trying to introduce legislation for a similar exemption.
Thanks for the clarification on the US situation. $100K here would drop the athletes in the top tax bracket for Canada (well, Manitoba anyway) so no surprise to see the difference there as well.
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