
Saud bin Saqr receives Canadian Consul-General, organisers of RAK Terry Fox Run
WAM
12 May 2025, 17:02 GMT+10
RAS AL KHAIMAH, 12th May 2025 (WAM) -- H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, emphasised that charitable work is a cornerstone of the UAE's societal culture. It reflects the nation's cultural progress and the deep-rooted values of generosity and humanitarian solidarity embraced by its people.
H.H. Sheikh Saud made these remarks during a meeting at his palace in Saqr bin Mohammed City with Tracy Reynolds, Consul-General of Canada in Dubai and the Northern Emirates, along with members of the organising committee of the RAK Terry Fox Run.
Proceeds from the event were dedicated to the University of Sharjah for establishing an incubator that supports student-led scientific research on cancer diseases.
H.H. Sheikh Saud highlighted the significance of such humanitarian initiatives in strengthening social responsibility and fostering unity within the community. He stressed that giving instills hope and nurtures optimism among future generations.
During the meeting, the University of Sharjah delegation received a cheque representing the event's proceeds-an initiative that underscores Ras Al Khaimah's commitment to supporting academic institutions and empowering them to tackle pressing health challenges.
The RAK Terry Fox Run 2024 charity run took place on 16th November along the Al Qawasim Corniche, under the patronage of H.H. Sheikh Saud bin Saqr Al Qasimi and in collaboration with the Saqr bin Mohammed Al Qasimi Foundation for Charity and Humanitarian Work.
The event witnessed widespread participation from the local community.
Organisers expressed their gratitude to RAK Ruler for his unwavering support of charitable initiatives. They noted that the annual race commemorates the legacy of Canadian athlete Terry Fox and contributes to funding cancer research while raising public awareness.
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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. Article content 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. Article content Article content 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. Article content Article content Powell, who was part of the Raptors' 2019 championship team, is now appealing the CRA's decision in the Tax Court of Canada. Article content Article content Powell's faceoff with the tax agency is over the same issue as ex-Toronto Maple Leafs Patrick Marleau and John Tavares, namely that his nearly $7 million in signing inducements should be taxed at only 15 per cent and not at the top income tax bracket (over 50 per cent). Article content A key question for the court to determine is if the inducement offered by the Raptors Powell's contract to entice him to Toronto fits the definition of an 'inducement' under the U.S.-Canada treaty that sets the tax rate at 15 per cent. Article content The case, like Marleau and Tavares', could have a significant impact on how Canadian professional sports teams use signing bonuses or salary inducements as a tax incentive to attract foreign athletes to Canada instead of lower-taxed American organizations. Article content Article content Powell's lawsuit argues that the millions in inducements he signed with the Raptors to attract him to Toronto are covered by provisions of a Canada-U.S. tax treaty which set the tax rate for an 'inducement to sign an agreement' at 15 per cent. Article content Article content 'The Toronto Raptors and the Appellant (Powell) both understood that the Inducement was a key component of the Appellant's decision to sign' with the Canadian team, reads the appeal. Article content But, per Powell, the CRA disagreed. On Feb. 4, 2022, the agency issued notices of assessment to him for 2019 and 2020 that taxed his inducement payments at the ordinary federal and provincial income tax rates (likely over 50 per cent) instead of 15 per cent. Article content 'The Toronto Raptors agreed to pay the Inducement to entice the Appellant 'to sign an agreement relating to the performance of' his services as an 'athlete',' Powell wrote, saying that CRA's arguing otherwise is 'to distort the legal and economic reality' of his contract with the Raptors.