Olympic Medal Bonuses: The Results Might Surprise You 🏅

[Yeni-Neo]

The highest-paying country this Winter Olympics is Singapore, which awards up to $788,907 USD for a gold medal, and offers similarly large payouts for silver and bronze.

Now let’s look at Canada:

• Gold: ~$15,000
• Silver: ~$11,000
• Bronze: ~$7,000

Among comparable nations, Canada ranks in the bottom three for medal bonuses.

So here’s the real question:

• Should Olympic athletes receive higher performance bonuses in Canada?
• Or should funding focus more on long-term training support instead?

Curious to hear your thoughts.

[ShadowRaptor]

I think what Canada is offering as bonuses is a slap in the face for what these athletes go through to be the best in the world.

We can do a lot better when it comes to recognizing these amazing athletes.

Now you do raise an excellent point about investing in training, and I think that Canada should also invest in long-term training.

Here’s how I would do it:

Gold: $75,000

Silver: $50,000

Bronze: $25,000

On top of this investing in long-term training.

[Matcha12]

Wow, this is very low. Surprised to see Canada in the bottom 3! @Yeni-Neo please tell me these prizes are not taxable!

[Matcha12]

Love your, take @ShadowRaptor. What is even more upsetting is the gap between the top country and ours. Why would someone dedicate their life to a sport if they can’t even be properly rewarded for it on the international level?

[tristianomalley1]

These are insane numbers! When you look at the amount of money that a olympic athlete will expend to go (between 50-100K) thats a drop in the bucket payout!

[Reena21]

Canada definitely needs to up its game.

[Yeni-Neo]

Yes, they are taxable in Canada.

[Yeni-Neo]

I totally agree with you. It’s totally unfair to the athletes.

[Kepsin12]

Wow, I was not expecting these numbers at all. This is too low.

[Sterls-zee1]

Unbelievable! I was not expecting the numbers to be this low. I was expecting to see about 50k at least.