Debate goes on
identity. I will argue that no other sport in My answer was based on tax rules—not
Canada has had the historical influence fear of losing my licence. If there were a position
hockey has had on our young people and that could be taken that the gain would not be
our nation. Both my grandfathers were subject to tax I would have gladly offered it.
immigrants. Both recognized the impor- Thank you for your interest in The
tance and participated in the sheer enjoy- Costco Connection and Canadian Money-ment of watching and talking about hockey Saver magazines.
In response to as they assimilated into the Canadian way of Brian Quinlan, Chartered Accountant
the November/ life. They passed that enthusiam on to me, Toronto, Ontario
and I in turn have encouraged my 9-year-
December Debate, old son to play and enjoy the sport. Valuable lesson
“Is hockey dying George Weatherby I decided to fix a chicken dish for our neigh-
as our national sport?” Charlottetown, Prince Edward Island bourhood potluck, and I was running a little
short of chicken breasts from my last Costco
YES. It started to go downhill when they visit.Alocalsupermarkethadchickenbreasts
expanded from the original six teams and on sale for US$1.77 per pound, and since
when they started to draft European players. “my Costco” is 45 minutes away, I decided to
Robert Price, Baden, Ontario use the local market.
What a mistake! The boneless, skinless
breasts had gristle parts, and I even found a
Odds & Ends bone in one breast. I have never had this
experience with Costco products. If I ever
Change tax tactics thought that local sales might be the way to
Why is it that chartered accountants are go, this was the acid test of how wrong-
NO. There are two national sports in Canada. so afraid of losing their licences that they will headed that is. Costco provides quality along
The National Sports of Canada Act 1994, c. 16 always find on the side of the government? with value ... something the local supermar-
[assented to May 12, 1994] recognized hockey Case in point: The second question in kets don’t always match.
and lacrosse as the national winter and sum- the November/December Costco Connection Wallace L. Giles
mer sports of Canada. “MoneySaver” section was the question of Sedona, Arizona
Tony Kelly, Brampton, Ontario the leased vehicle sold at auction. [ To see the
full question and answer, visit costco.ca and
YES. Until hockey player contract prices are click on The Costco Connection.—Ed.]
lowered and players become icons who play There is no mention of this being a com-for the sport and not for financial reasons, they mercial lease. It is a private rental, and all that
won’t get my support. As for our national sport happened was that the person was charged
(lacrosse), I feel our current team players are in too much on her monthly payments; hence
it for the right reason. she got back some of her hard-earned already- Membership Number
C. Ryan Edgar, Port Perry, Ontario taxed cash when the car was sold. No income
NO. One simply needs to visit a local arena Look at it a slightly different way: Buy the First Name Middle Initial
and see it filled to capacity. One son’s coach is car, then sell it later to get some money back.
having a hard time obtaining ice time for Is the cash income-taxable? No! Last Name
practices due to lack of availability. Hockey P.S.: Great magazine!
makes the winter exciting. There is nothing Joseph Willis, St. Lambert, Quebec Address
like the sound of parents cheering on their
kids and their teammates! The question I was asked was “What are
Laura McDougall, Kirkland, Quebec the tax implications on the sale of an auto for City Province
proceeds greater than cost.” In other words, how
YES. Hockey is being spoiled by a lot of par- would the gain incurred be taxed? Postal Code
ents and coaches who see nothing but NHL Whether the individual incurred the gain Phone
stamped on their child’s forehead. in a commercial setting or a personal setting,
Marilyn Richardson, Red Deer, Alberta the gain is subject to tax.
■ New address ■ Delete
NO. If hockey is declining as our national
sport then we suffer a loss to our national Have something to say?
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