"The CRA «denies that any amount referred to as a ‘signing bonus' was a signing bonus or an inducement payment,» the government said in a response to Tavares' tax appeal, filed last week in the Tax Court of Canada.
It adds, «the amount of USD $70,890,000 was not paid to [Tavares] as consideration for entering into, or as an inducement to sign, the Contract.»
«The 2018 Amount was salary, wages or other remuneration received by [Tavares] in the 2018 taxation year when he was a resident of Canada,» the response to the appeal says. «Accordingly, the entire 2018 Amount is to be included in [his] income.»"
