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Old
04-08-2011, 07:17 PM
  #26
Bob Cole
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someone has to pay for all those welfare checks

no wonder people always get overpaid here.

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04-08-2011, 07:34 PM
  #27
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Still...

It clearly shows how our richest people in Canada, ANS specially in Quebec, are still being overtaxed.

People should wake up and realise all those socialist reforms made in Quebec are useless. The budget increase only go to pay the salary increase of state employees. Not the quality of the services.

A massive budget and taxes cut should occur in Quebec to avoid bankruptcy.

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04-08-2011, 07:37 PM
  #28
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dont matter to me

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Old
04-08-2011, 07:42 PM
  #29
DDs not undersized
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Originally Posted by Jean-Guy Drouin View Post
Still...

It clearly shows how our richest people in Canada, ANS specially in Quebec, are still being overtaxed.

People should wake up and realise all those socialist reforms made in Quebec are useless. The budget increase only go to pay the salary increase of state employees. Not the quality of the services.

A massive budget and taxes cut should occur in Quebec to avoid bankruptcy.
The "salary increase of state employees" has been frozen to 1,5% per year for like 5 years. In the last 10 years, Quebec has created 7$ daycare for kids and parental vacancies for fathers. Quebec is far from bankrupcy. Our Moody's quotation has consistently been raised these past few years.

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Old
04-08-2011, 07:43 PM
  #30
HH
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lol. Most of them have amazing accountants that find all the possible loopholes.

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Old
04-08-2011, 07:59 PM
  #31
AK-63
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I figured I would calculate the tax bracket given 16.5% QC discount and 18% RRSP contribution. Other thing I imagine that a lot of players deduct are charity donations, but on the other hand their income is also probably much higher due to interest and advertisement income

[never mind]


Last edited by AK-63: 04-08-2011 at 08:14 PM. Reason: Pointed out in the next post by CLassified
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Old
04-08-2011, 08:11 PM
  #32
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I figured I would calculate the tax bracket given 16.5% QC discount and 18% RRSP contribution. Other thing I imagine that a lot of players deduct are charity donations, but on the other hand their income is also probably much higher due to interest and advertisement income
RRSP can only be taken to a max of $22k of the prior years income, and I doubt that non Canadians would pay into RRSP anyway. Also, charity donations only get 15% on the first $200, 29% on anything after (which I hope millionaires are on), so even not a lot.

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04-08-2011, 08:13 PM
  #33
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RRSP can only be taken to a max of $22k of the prior years income, and I doubt that non Canadians would pay into RRSP anyway.
Oh crap, then my calculation makes 0 sense at all. I totally forgot about that "little detail"

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Old
04-09-2011, 12:32 PM
  #34
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Hello,

Here are the taxes that pay our Canadiens in Montreal an a comparaison with other franchises

they are mostly millionaires so I am not feeling sad for them I paid 40 percent taxes

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04-09-2011, 12:37 PM
  #35
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they are mostly millionaires so I am not feeling sad for them I paid 40 percent taxes

Sure The idea of this post ist more to make the comparaison with the other franchises with this question : is the taxes an important thing when you choose your team ?

For me juste one between many others

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Old
04-09-2011, 12:44 PM
  #36
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Originally Posted by Classified View Post
RRSP can only be taken to a max of $22k of the prior years income, and I doubt that non Canadians would pay into RRSP anyway. Also, charity donations only get 15% on the first $200, 29% on anything after (which I hope millionaires are on), so even not a lot.
Also your Home Mortgage payments in Canada are not tax deductible as it is in the States. That makes a huge difference for millionaires with big houses.

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Old
04-09-2011, 12:50 PM
  #37
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You know what could make a big potential difference: if hockey players are deemed to be employees for their respective club or an independent worker performing a service.

That difference can mean the world for them.

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04-09-2011, 12:54 PM
  #38
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Ok away from hockey for a minute, do the posters above suggest that a guy in Qc, say he makes about 50K, pays like 40% of his income to taxes? Then he buys something at a store and there's something like 15% tax on the purchase? Trying to get a handle on this...

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Old
04-09-2011, 12:56 PM
  #39
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Ok away from hockey for a minute, do the posters above suggest that a guy in Qc, say he makes about 50K, pays like 40% of his income to taxes? Then he buys something at a store and there's something like 15% tax on the purchase? Trying to get a handle on this...
Yup.
Hurts now doesnt it?

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Old
04-09-2011, 12:59 PM
  #40
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Originally Posted by 7th Player View Post
Yup.
Hurts now doesnt it?
Well, the radiation over here in Japan doesn't feel so bad.

On a living wage, we pay about 10% income tax, then 5% sales tax.

Too bad I'm moving to Canada...

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Old
04-09-2011, 01:02 PM
  #41
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Guys there tons of way to save taxes, they have lawyers to take care of this.

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Old
04-09-2011, 01:04 PM
  #42
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Well, the radiation over here in Japan doesn't feel so bad.

On a living wage, we pay about 10% income tax, then 5% sales tax.

Too bad I'm moving to Canada...
right but how much is an apartment in tokyo go for? tax property? or how much is food? cost of living is relatively cheap here. also for someone who makes 50k, he might pay 12k in taxes.

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Old
04-09-2011, 01:07 PM
  #43
cedouimet
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I don't feel bad AT ALL....lol

Gill, with is *poor* 1.2M$ CLEAR, stillm makes 3571.43$ A DAY....

I'm more upset will all us pple paying 40% + another 15% of taxes....55% of your move isn't in fact your money. I wish my wife would want to move somewhere else...

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Old
04-09-2011, 01:09 PM
  #44
JLP
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right but how much is an apartment in tokyo go for? tax property? or how much is food? cost of living is relatively cheap here. also for someone who makes 50k, he might pay 12k in taxes.
Okay so like 24% on 50k. A 50sqm place in central Tokyo is like 1,800$Cdn + (expensive) utilities. Groceries are expensive. But lunch in a typical restaurant is about 10$Cdn, no tax no tipping.

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Old
04-09-2011, 01:15 PM
  #45
JackZap
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Okay so like 24% on 50k. A 50sqm place in central Tokyo is like 1,800$Cdn + (expensive) utilities. Groceries are expensive. But lunch in a typical restaurant is about 10$Cdn, no tax no tipping.
ok, always heard that restos were pretty expensive in Japan. im liking this no tipping thing

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Old
04-09-2011, 01:59 PM
  #46
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We may have a high tax bracket in Montreal, but other top destinations like New York Rangers, San Jose Sharks, LA Kings amongst some others aren't that far behind.

Sure Edmonton, Florida and some others have lower taxes, but the desire to play there isn't as much as the top tax cities.

Philly and Pittsburgh are the most attractive.

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Old
04-09-2011, 02:51 PM
  #47
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so its the governement who pays the arena
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Honestly, I prefer letting the private sector paying for the arena and the govt chipping in subsidizing it and getting additional source of revenue from the team.
I was mostly kidding, but to me the government should spend money on infrastructure to improve the quality of life of its citizens and if a piece of infrastructure can not only improve their quality of life, but also actually increase government revenue over time, why not invest in it?

Opponents always argue that there is no proof of the indirect benefits of an NHL team in a city, which anyone whose ever been within a 10 block radius of the Bell Centre can probably call BS on.

That said, even pretend that having a major downtown arena does nothing for the city other than the arena. Even in that scenario, having a pro sports team generates tens of millions of dollars a year in income tax on players and staff, not to mention property tax on the arena itself.

If there is a sane way the government can see to recoup and exceed those initial investments, why not make them? If the government gave Quebec City $100-million, they'd have that back within 4 years of the team being there just in new taxes they otherwise would not have received. Then they'd continue to receive revenue that high forever.

That's a positive economic investment.

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04-09-2011, 02:54 PM
  #48
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Originally Posted by RE-HABS View Post
We may have a high tax bracket in Montreal, but other top destinations like New York Rangers, San Jose Sharks, LA Kings amongst some others aren't that far behind.

Sure Edmonton, Florida and some others have lower taxes, but the desire to play there isn't as much as the top tax cities.

Philly and Pittsburgh are the most attractive.
Pittsburgh isn't exactly a cultural mecca.

Montreal, New York, Chicago, Los Angeles, San Jose and Vancouver are likely the top teams in terms of desirable locations.

I'm still shocked Florida and to a lesser extent Tampa don't get top quality free agents. Miami is a fun place to live for 20 to 30 somethings and they pay so little tax. We've seen a few people go there over the years, like Pavel Bure, but still. Why do you think the Big 3 really went there in the NBA?

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Old
04-09-2011, 03:16 PM
  #49
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The only ones I feel ''bad'' for are Darche, Picard and maybe Pyatt. They probably won't get THAT much money from hockey in the end (considering, say, Darche only had 2 1/2 seasons at full NHL salary). Hockey careers are short, especially for borderline guys who make minimum salary.

Quote:
Originally Posted by Lucius
Pittsburgh isn't exactly a cultural mecca.

Montreal, New York, Chicago, Los Angeles, San Jose and Vancouver are likely the top teams in terms of desirable locations.

I'm still shocked Florida and to a lesser extent Tampa don't get top quality free agents. Miami is a fun place to live for 20 to 30 somethings and they pay so little tax. We've seen a few people go there over the years, like Pavel Bure, but still. Why do you think the Big 3 really went there in the NBA?
The problem with the Panthers is that its a playoff wasteland. We're talking about high level athletes here, most of them want a realistic chance to win or at least be part of a competitive team.

The Lightning have the potential to be great tho. Watch them get whoever they want as long as the owners put money now that Yzerman, Stamkos and Boucher brought that team back to respectability.

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Old
04-09-2011, 03:29 PM
  #50
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The only ones I feel ''bad'' for are Darche, Picard and maybe Pyatt. They probably won't get THAT much money from hockey in the end (considering, say, Darche only had 2 1/2 seasons at full NHL salary). Hockey careers are short, especially for borderline guys who make minimum salary.



The problem with the Panthers is that its a playoff wasteland. We're talking about high level athletes here, most of them want a realistic chance to win or at least be part of a competitive team.

The Lightning have the potential to be great tho. Watch them get whoever they want as long as the owners put money now that Yzerman, Stamkos and Boucher brought that team back to respectability.
Still, 500 000 is far more than anyone working an average job can expect to make. An average salary here in crappy jobville Vancouver is 32 500. In one year a player like Pyatt can make as much as 15 years worth of salary for an average worker. Unless they make stupid investments, and live in Vancouver where a 500 000 salary will buy you a crack shack , most players are relatively well off.

For many of these borderline players, a living can easily be made in Europe or in coaching/hockey schools/etc.

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