CRA vs Toronto Maple Leafs Captain Quiz

CRA vs Toronto Maple Leafs Captain Quiz

11th Grade

10 Qs

quiz-placeholder

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CRA vs Toronto Maple Leafs Captain Quiz

CRA vs Toronto Maple Leafs Captain Quiz

Assessment

Quiz

Business

11th Grade

Practice Problem

Hard

Created by

Linda Bozzato

Used 3+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Guess how much the Toronto Maple Leafs captain, John Tavares, is sparring with the Canada Revenue Agency over his tax bill? It's a hefty sum!

$12 million

$10 million

$8 million

$5 million

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the U.S.-Canada Tax Treaty, how does John Tavares argue that his $15.25 million signing bonus should be taxed?

It should not be taxed

At a higher rate than the rest of his salary

At a much lower rate than the rest of his salary

At the same rate as the rest of his salary

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Can you guess how much of John Tavares's first-year bonanza was just his salary? It's a fun fact!

$15.25 million

$650,000

$15.9 million

$8 million

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

🏒🇨🇦 Dive into the world of hockey finances! How does the Canada Revenue Agency view John Tavares's entire compensation package, according to court documents?

As a gift 🎁

As a loan 💸

As salary 💰

As a signing bonus ✍️

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

🏒 Dive into the world of sports finance! What was John Tavares's key argument to the CRA about his hefty signing bonus?

It was a salary

It was an inducement to sign

It was a loan

It was a gift

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ever wondered why the Tavares case is a game-changer in major sports leagues? Hint: It's all about the $$$ in signing bonuses!

It changes where teams are based

It's all about the clever deal-making of players

It influences the odds of snagging a championship

It reshapes the swanky lifestyle of the athletes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ready to dive into a brain teaser? Let's explore what the Fraser Institute's paper uncovers as a major hurdle in drawing fresh talent to teams located in areas where taxes aren't playing nice. Can you guess what it is?

High personal taxes

Low personal taxes

High team expenses

Low team expenses

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