Quote:
Originally Posted by calgarywinning
I'm sure a tax accountant can chime in but the donation of 10 M after tax is significantly more than a years salary. The donations are probably staggered over a course of time, but don't lessen the donation by any extent.
10 MILL over 5 years is 2 mill a year. Subban must earn 2,800,000 each year to make the payment or approx 14,000,000 less the charitable tax donation allowable in Canada.
As I recall Charity tax deduction is around 10 - 15% of what you give.
It's a staggering, generous move to make for someone of his age. It's after tax dollars being donated unless the amount being quoted is pre-tax.
Still staggering.
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Remember he gets paid in U.S. dollars so the conversion to the crappy Canadian dollar helps a lot. Saying that it's still a lot of money.