On January 22nd, 2019, Tax Partner, Adam Scherer, was a guest on NSR Media's podcast, Outta The Court, to discuss the tax structure in Canada and if it’s negatively affecting athletes choosing to play for Canadian professional sports teams.
The big question they tackled - 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 joined the hosts to discuss a myriad of topics that become intriguing talking points:
- 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?
Adam Scherer
Managing Partner,
(he/him)
Adam Scherer Professional Corporation