CTF says Alberta slips as financially attractive desination for athletes

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Justin Slimm Posted Oct 5, 2015 1:22 pm MDT WikiCommons/Wikipedia CTF says Alberta slips as financially attractive desination for athletes A report from the Canadian Taxpayers Federation says Alberta has dropped from first to the fifth most financially attractive destinations for NHL hockey players, after the provincial tax hike that took effect October first. The new report, co-authored by Americans for Tax Reform, looks at NHL salaries, tax rates and the impacts on team salary caps. The study says Alberta’s 5 per cent jump in tax on high-income earners will see Edmonton Oilers forward Taylor Hall pay an additional $1,097,825 in taxes over the course of his contract. Flames defenceman Dennis Wideman will be tagged an additional $401,080 in taxes on his contract. CTF Alberta Director Paige MacPherson said NHL players are likely to consider tax implications before signing with a new team. “NHL players aren’t all that different from other highly skilled workers who have the ability to move provinces or countries” said MacPherson, “The same concept applies for doctors, engineers and CEOs of major companies. Alberta used to be number one. Not anymore. We want our teams to be the best in the league, and we should demand that of our taxes as well.”The report ranks Dallas, Miami, Tampa Bay and Nashville as the top four most tax-friendly cities with NHL teams. Alberta remains number one among Canadian Provinces. read more