He doesn't get to "keep every penny". There is such a thing as personal income tax, and in Canada is going to be over 50%.
Hopefully, the deal was structured with some stock, or paid to a corporate entity. Because if he received a cheque made out for $575M, most of that money went to tax. If it was made out to his personal corporation, he'd just have to pay corporate tax on it, which is about half as much. But would still be over $100M.
Hopefully, the deal was structured with some stock, or paid to a corporate entity. Because if he received a cheque made out for $575M, most of that money went to tax. If it was made out to his personal corporation, he'd just have to pay corporate tax on it, which is about half as much. But would still be over $100M.