RELATED: Federal News Releasse |Alberta News Release
VANCOUVER, BC: As the puck drops on another Vancouver Canucks season, so does another year of collecting income tax from the players. A new joint Canadian Taxpayers Federation (CTF) and Americans for Tax Reform (ATR) study, Major Penalty for High Taxes, shows last year’s Canuck players paid $39.7 million in income taxes to the federal and BC governments.
The 25 players on last year’s Canuck roster earned a combined $88 million CDN, meaning more than 45 per cent of their salaries would have gone to income taxes. (See below for each player’s estimate, and a government service their taxes may have funded.)
“This kind of revenue is why government needs to offer a competitive tax environment to attract and keep high income earners in B.C. – whether hockey players, entrepreneurs, doctors, engineers or others,” said Jordan Bateman, CTF B.C. Director. “Put another way, these 25 Canucks paid the salaries of 530 teachers. Or half the improvements to Royal Inland Hospital. Every 18 months, the Canucks pay enough in tax to build a new high school somewhere in B.C.”
The CTF/ATR report contends that places with higher taxes struggle to attract and keep highly mobile, wealthy income earners, and lose out on the benefits those people bring.
“In Canada, people are moving from the high-tax provinces in the east to the lower-tax provinces in the west. Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, Quebec, Ontario and Manitoba all have seen negative interprovincial migration since 2005 and they also all have higher income taxes,” the report notes.
Provincial tax rates mean Vancouver has the third best income tax rate among Canadian NHL cities, behind Edmonton and Calgary. The Canucks rank ninth overall, nearly five percentage points more than Dallas, Florida, Tampa Bay and Nashville.
Here’s a list of how much the report estimates last year’s Canucks paid in income tax, and a government service that money could have purchased:
Photo: Henrik Sedin #33 of the Vancouver Canucks talks with referee Eric Furlatt during Game One of the Western Conference Quarterfinals of the 2013 NHL Stanley Cup Playoffs against the San Jose Sharks, May 01, 2013 at Rogers Arena in Vancouver, British Columbia, Canada. (Photo by Rich Lam/Getty Images)
Is Canada Off Track?
Canada has problems. You see them at gas station. You see them at the grocery store. You see them on your taxes.
Is anyone listening to you to find out where you think Canada’s off track and what you think we could do to make things better?
You can tell us what you think by filling out the survey