Description: Warm weather and beautiful beaches are among the top reasons a Canadian might want to set up residence in the Bahamas. But if you are a rich tennis star like Eugénie Bouchard, the fact that there is no income tax is another important consideration that may have prompted her to take up residence there. Her move has raised the attention of Quebec politicians, with François Legault of the poll-leading CAQ suggesting she should be back in Quebec, paying taxes where she first learned to play tennis.
Date: September 5, 2018
1) What was your reaction to this story?
2) Do you think that athletes choose to live in other jurisdictions because of the taxation rules?
3) What do you think is the maximum marginal tax rate a government can impose before we see high income earners moving to other jurisdictions?