Kukla's Korner Hockey

Kukla's Korner Hockey

'Taxing' Time In Montreal

10/15/2014 at 8:59am EDT

from Rick Westhead of TSN,

When it comes to keeping their own players and attracting new ones, the Montreal Canadiens have history on their side. They have a rafter full of retired jerseys and Stanley Cup banners testify to the team's pedigree.

But the Canadiens, like some other NHL teams north of the border, face a troublesome obstacle when it comes to negotiating with players: Revenue Canada. Many players on NHL teams in Quebec and Ontario pay the highest combined federal and provincial/state income tax rate in the NHL, a TSN study has found.

Canadiens defencemen Andrei Markov and P.K. Subban will each make $7 million on paper this year. But after handing over 49.7 per cent of their check to the taxman, they'll each bring home just $3.5 million.

Welcome to the modern NHL, where, as salaries skyrocket, the amount the players owe to the government is rising in kind.

continued

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

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