Blog: Canadian Taxes And Athletes | Podcast

January 25th, 2019 American Athletes Taxes And Athletes

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?

For the answers to these questions and more, check out this episode of Outta The Court.

Click here to listen to the iTunes podcast on your Apple device or iTunes.

Connect with Adam Scherer, BA, CPA, CA
Adam is a Tax partner at Crowe Soberman whose client portfolio includes high-net-worth individuals, owner-managers, professional athletes, film directors and producers, U.S. corporations operating in Canada, and individuals immigrating to and emigrating from Canada. He is also the co-leader of the firm’s Sports & Entertainment practice. Connect with Adam at: 416.963.7174, or twitter @SobermanTax.

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