Jump to content


FlashyG's Photo

FlashyG

Member Since 04 May 2012
Offline Last Active Today, 03:00 PM
-----

Posts I've Made

In Topic: Ericsson and Alfredsson not 100%

Yesterday, 11:14 PM

Canadian income tax rates for Individuals - current and previous years Federal tax rates for 2014

  • 15% on the first $43,953 of taxable income, +
  • 22% on the next $43,954 of taxable income (on the portion of taxable income over $43,953 up to $87,907), +
  • 26% on the next $48,363 of taxable income (on the portion of taxable income over $87,907 up to $136,270), +
  • 29% of taxable income over $136,270.

 

Provincial/territorial tax rates (combined chart)

 

11.16% on the next $69,758, +
12.16% on the next $70,000, +
13.16 % on the amount over $220,000

 

 

Plus, don't forget EI and CPP, I assume they pay that as well.

 

 

 

 

It's not that simple to calculate, Most professional athletes keep a residence either in their home country or the United States which allows them to pay their taxes a little differently than the average person.

 

Because not all of their money is earned within Canada they can only be taxed based on the income they make while playing at home or in another Canadian city. The rest of their tax would be payed to the government of the city/state/country their "official" residence is in.

 

It all depends on what state you live in. Michigan's tax rate combined with the federal tax rate actually costs Alfredsson more than he would be paying in Ontario.

On his 5.5 million contract he just finished he would have paid approximately 2.49 million in taxes. (45.3%) vs the maximum (42%) in Canada.

 

Of course you also have to assume that professional athletes making that kind of money likely have a pretty good accountant and/or financial planner who helps them pay the lowest tax rate possible.


In Topic: Holland signs 4 year extension with wings **MOD Warning Post 130**

15 August 2014 - 07:13 PM

Holland like any other GM makes lots of moves I either hate or don't understand but at the end of the day I still think he's the best GM in the history of hockey.

 

If ANY GM has earned enough trust to see a team through a rebuild its Holland.


In Topic: Winter is coming..

27 July 2014 - 02:58 PM

For some reason, going by the topic title I thought this was going to be some kind of Game of Thrones related thread.

 

 

There's no reason it can't be.

 

sddwfq.jpg


In Topic: Red Wings & the Media

15 July 2014 - 10:10 PM

I believe he is talking about the guy who cancelled his ticket plan and explain why he didn't agree with the things they were doing.

They told him to go support another team or somethig along those lines.

I can't remember the exact thread it was in.

 

I've read that in a couple places but its just a claim made by a fan with no screenshot or any sort of proof that it's a legitimate email from anyone within the organization.

 

For all we know it was made up by the person that originally made the claim in the first place.


In Topic: Tomas Jurco's Ridiculous New Stick Trick

15 July 2014 - 09:23 PM

As talented as he is, this is what it might look like when Holland and Babs are handing out the roster spots after training camp.

 

cYtVnX1.gif