Isaac Poulter, Clarke Caswell, Denton Mateychuk, Escrow, and How to Grow Your Money | March 2024

Hello Athletes, Agents, Parents, Trainers & others,

Congratulations to all our athletes for finishing off the regular season strong, many taking home league & team awards! Now the slate is wiped clean for playoffs (and some reluctantly dig out their golf clubs…). Regardless of your situation, if you’re hoping to learn how to grow your money efficiently over time while avoiding major common mistakes, we’ve got the goods for you.

Best of luck to all the players in our circle on a lengthy playoff run!

In this issue:

• Isaac Poulter Making the Most of His Opportunities
• Clarke Caswell, Pride of the Prairies
• Denton Mateychuk’s Major Milestone
• Escrow Explained!
• JT, Show Me the Money
• What does a good business look like?

Highlights

Isaac Poulter



Congrats to Isaac Poulter on inking a two-year entry level contract with the New Jersey Devils! Isaac is having an exceptional season with the Utica Comets, AHL and what makes this story so interesting to us is when we caught up with John Poulter (Isaac’s dad) a couple of weeks ago in Winnipeg. One thing that really stood out in the conversation was how the Poulter’s education savings allowed him to make the decision to forego his WHL Education Scholarship. Having an RESP as a safety net for educational expenses (if for some reason Pro didn’t work out for Isaac) gave the Poulters confidence to encourage Isaac to pursue hockey at the next level. And now look at him!

Cheers to Isaac & the Poulter Family!

Clarke Caswell

Commonly referred to as “The Pride of the Prairies”, Clarke is having an unbelievable season with the Swift Current Broncos, tallying over a point per game and was one of the only Broncos to dress for every game this season. Beyond his on-ice contributions in almost all situations, Clarke’s teammates and inner circle celebrate his Team First attitude and work ethic that has been noticed by NHL teams looking to take him high in the NHL Draft this June.

Best of Luck in the Playoffs Clarke!

Denton Mateychuk

Late last month Denton became only the 56th defenceman in WHL history to record 200 career points! Only three (yes, three!) other defencemen have joined the 200 club over the past decade, so it’s kind of a BIG deal…)

Incredible Accomplishment Denton!

Insights

What is NHL Escrow?!?

Escrow is currently set at 6%, but has fluctuated as high as 20% during the Pandemic when NHL teams had reduced revenues. We found this old video that does a pretty good job of explaining what this word means, and why it matters to NHL players.

Does John Tavares owe $8 Million Dollars?!

The CRA is disputing a $15.3M USD signing bonus the Leafs’ paid Tavares when he joined the team 6 years ago, which could have HUGE implications for Canadian NHL teams and their ability to retain top players. Tavares’ lawyers & accountants argue that he should have only been taxed 15% on the amount due to the CAN/US tax treaty (which has lower rates set for these types of payments to athletes, actors, musicians, etc.). Due to the favorable tax rate on signing bonuses, Tavares only earns $1M in salary, and if the appeal is overturned, it would add a significant barrier for Canadian teams to sign top players like Tavares in the future.



What Does a Good Business Look Like?

All of the businesses we own must mean a certain criteria before being selected in our portfolios to ensure it gives our clients the best opportunity to make a reasonable rate of return through good times and bad. These must be:

Difficult to Replicate – ensuring the business won’t be replaced anytime soon

Difficult to Compete With – these businesses have a significant competitive advantage in the market making it hard for other businesses to steal market share

Difficult to Live Without – do they provide goods and services essential to the economy / the end user? These companies prove their worth during Pandemics, natural disasters, high interest rates, reduced spending by consumers, among other business risks

Click the link below to learn what businesses fit this criteria

If you are curious or concerned at all about protecting and growing your wealth, let’s chat. We’re available for virtual meetings, just click the button below so we can get your questions answered.

Matt Ferraro

Kurt Jory

Gregg Filmon

Brendan Labossiere