Unpublished Newswire

For the second straight year, four Canadians will take the court when the NBA Finals tip off, but the CanCon this year is very different than a year ago.

OTTAWA — On Feb. 4, 2022, former Toronto Raptors star guard Norman Powell received two pieces of news that would have a major impact on his life. The first was from his agent telling him that he was part of a blockbuster trade that sent him from the Portland Trail Blazers to the Los Angeles Clippers. The second was from the Canada Revenue Agency (CRA) claiming over $1.2 million in additional income tax on “inducements” paid by the Raptors in 2019 and 2020 to attract the star two-way guard to the surging Toronto team. Powell, who was part of the Raptors’ 2019 championship team, is...