HFBoards

Go Back   HFBoards > NHL Eastern Conference > Atlantic Division > Toronto Maple Leafs
Notices

Businesses may soon not be able to get tax breaks from Leafs games

Reply
 
Thread Tools
Old
02-29-2012, 09:51 PM
  #1
HookeyPlayer
Registered User
 
Join Date: Jan 2012
Posts: 261
vCash: 500
Businesses may soon not be able to get tax breaks from Leafs games

http://www.theglobeandmail.com/news/...rticle2354327/


Looks like there will be less of an incentive for businesses to purchase all those tickets. I wonder what impact this will have...

Will seat availability open up for non-suits?
Will the ACC still be able to sell out consistently, especially given the disgust there is for this team?
Will ticket prices drop if there is a drop in demand from businesses?

HookeyPlayer is offline   Reply With Quote
Old
02-29-2012, 09:55 PM
  #2
UCLeafs*
 
Join Date: Feb 2012
Posts: 146
vCash: 500
Why in the sweet **** are they given tax breaks in the first place? But to answer your questions I'd say, no, yes, no.

UCLeafs* is offline   Reply With Quote
Old
02-29-2012, 09:56 PM
  #3
vezna*
Canada's Team
 
Join Date: Jan 2011
Posts: 8,666
vCash: 500
Could lead to cheaper Leafs tickets.

vezna* is offline   Reply With Quote
Old
02-29-2012, 09:57 PM
  #4
My Sweet Shadow
Registered User
 
My Sweet Shadow's Avatar
 
Join Date: Sep 2008
Location: Sioux Lookout, ON
Country: Canada
Posts: 4,634
vCash: 500
I didn't even realize they could get tax deductions for that. That a ridiculous law; kind of a no brainer when you're looking to trim wasteful spending.

This may result in a slight drop in ticket prices, but I wouldn't count on it. As to not selling out? Not a chance in Toronto. There's enough demand in the GTA for two teams; filling one arena shouldn't be a problem.

My Sweet Shadow is offline   Reply With Quote
Old
02-29-2012, 09:58 PM
  #5
pooleboy
#buildthrewthedraft
 
pooleboy's Avatar
 
Join Date: Dec 2009
Location: Ontario
Posts: 5,308
vCash: 500
Quote:
Originally Posted by vezna View Post
Could lead to cheaper Leafs tickets.
this... and probably a better atmospher.

pooleboy is offline   Reply With Quote
Old
02-29-2012, 09:59 PM
  #6
Twix
Patch of velcro
 
Twix's Avatar
 
Join Date: Aug 2011
Country: Sri Lanka
Posts: 801
vCash: 500
Great news! I'm shocked to see a Liberal government do something useful for once.

Twix is offline   Reply With Quote
Old
02-29-2012, 09:59 PM
  #7
Mansfield
possession obsession
 
Mansfield's Avatar
 
Join Date: Apr 2011
Location: Ontario, Canada
Country: Canada
Posts: 12,515
vCash: 500
Quote:
Originally Posted by UCLeafs View Post
Why in the sweet **** are they given tax breaks in the first place? But to answer your questions I'd say, no, yes, no.
Exactly. Everything that's wrong with the tax break system.

Mansfield is offline   Reply With Quote
Old
02-29-2012, 10:04 PM
  #8
bleedingbluenwhite
Registered User
 
bleedingbluenwhite's Avatar
 
Join Date: Mar 2007
Posts: 37
vCash: 500
if this takes place, raptors and jays are going to be in MASSIVE trouble.

say what you want but teams as well as many OHL teams rely on those ticket and suite sales.

bleedingbluenwhite is offline   Reply With Quote
Old
02-29-2012, 10:05 PM
  #9
bleedingbluenwhite
Registered User
 
bleedingbluenwhite's Avatar
 
Join Date: Mar 2007
Posts: 37
vCash: 500
could serve as some badnews for a team such as ottawa as well.

bleedingbluenwhite is offline   Reply With Quote
Old
02-29-2012, 10:07 PM
  #10
Jason12
Registered User
 
Join Date: Dec 2008
Posts: 119
vCash: 500
Stupid publicity stunt. The article doesnt mention that almost half of all season ticket holders use this tax break. This would be fine for the Leafs because someone else would pay for that seat but it would be a killer for every other team that struggles to fill in the building, especially the Sens.

Jason12 is offline   Reply With Quote
Old
02-29-2012, 10:08 PM
  #11
HookeyPlayer
Registered User
 
Join Date: Jan 2012
Posts: 261
vCash: 500
Companies may argue that since they conduct business deals at the games they should be able to claim this cost as a business expense, and hence get a tax break.

HookeyPlayer is offline   Reply With Quote
Old
02-29-2012, 10:09 PM
  #12
vezna*
Canada's Team
 
Join Date: Jan 2011
Posts: 8,666
vCash: 500
Quote:
Originally Posted by bleedingbluenwhite View Post
could serve as some badnews for a team such as ottawa as well.
reached too far here buddy.

vezna* is offline   Reply With Quote
Old
02-29-2012, 10:11 PM
  #13
Deebo
HFBoards Sponsor
 
Join Date: Jan 2005
Location: Toronto
Country: Canada
Posts: 4,750
vCash: 500
Quote:
Originally Posted by bleedingbluenwhite View Post
could serve as some badnews for a team such as ottawa as well.
http://www.ottawacitizen.com/sports/...463/story.html

Deebo is offline   Reply With Quote
Old
02-29-2012, 10:12 PM
  #14
bleedingbluenwhite
Registered User
 
bleedingbluenwhite's Avatar
 
Join Date: Mar 2007
Posts: 37
vCash: 500
Quote:
Originally Posted by vezna View Post
reached too far here buddy.
the team struggles to put ***** in the seats every night other then when the leafs or habs are in town. they need to corp money or they are done

bleedingbluenwhite is offline   Reply With Quote
Old
02-29-2012, 10:14 PM
  #15
vezna*
Canada's Team
 
Join Date: Jan 2011
Posts: 8,666
vCash: 500
Quote:
Originally Posted by bleedingbluenwhite View Post
the team struggles to put ***** in the seats every night other then when the leafs or habs are in town. they need to corp money or they are done
i didn't mean that. i meant leaf fans won't feel pity.

vezna* is offline   Reply With Quote
Old
02-29-2012, 10:16 PM
  #16
bleedingbluenwhite
Registered User
 
bleedingbluenwhite's Avatar
 
Join Date: Mar 2007
Posts: 37
vCash: 500
some may, i live in ottawa, i want to see the leafs play a couple times a year and a 20 min drive is much better and cheaper then a 4-5 hrs drive plus hotel costs to see my team play.

bleedingbluenwhite is offline   Reply With Quote
Old
02-29-2012, 10:18 PM
  #17
Eb
TML
 
Eb's Avatar
 
Join Date: Feb 2011
Location: Toronto
Country: Canada
Posts: 4,192
vCash: 150
Ya this is not good.

Eb is offline   Reply With Quote
Old
02-29-2012, 10:27 PM
  #18
Spazmatic Dan
The Leafs Are Good
 
Spazmatic Dan's Avatar
 
Join Date: Sep 2008
Location: Chatham, ON
Country: Canada
Posts: 3,819
vCash: 500
Good stuff.

Now the businesses will stop buying tickets and soon the fans will as well. Then we can fold the franchise and finally move it to Kansas where it belongs.

Unfortunately that would make all of us Leaf fans productive members of society and we can't have that.

Spazmatic Dan is offline   Reply With Quote
Old
02-29-2012, 10:29 PM
  #19
Darkhorse1280
Registered User
 
Darkhorse1280's Avatar
 
Join Date: Jun 2008
Location: York Region
Country: Canada
Posts: 3,336
vCash: 500
Great news!

Get those ******* stuffy boring lame-ass suits away from the arena for good. They completely suck the energy out of the game, and the only reason that most of them are there in the first place is because they were free through the company that they work for or they're simply just smoozing a prospective client.

There's nothing I hate more than watching the game and catching some fairweathered Bay Street moron in a Brooks Brothers suit fiddling with his Blackberry due to his general disinterest in the game or empty platinum seats for the 1st 10 mins of each period.

Darkhorse1280 is offline   Reply With Quote
Old
02-29-2012, 10:29 PM
  #20
R McD
Registered User
 
R McD's Avatar
 
Join Date: Jun 2010
Location: The GTA.
Country: Canada
Posts: 196
vCash: 500
About time. As for those other teams, tough rocks. Governments at the federal and provincial level should not be in the business of subsidizing professional hockey teams.

R McD is offline   Reply With Quote
Old
02-29-2012, 10:31 PM
  #21
Penalty Kill Icing*
Fire Carlyle
 
Join Date: Jan 2011
Location: Toronto
Country: Canada
Posts: 12,972
vCash: 140
Why should businesses be getting tax exemption for sports tickets in first place?

Penalty Kill Icing* is offline   Reply With Quote
Old
02-29-2012, 10:33 PM
  #22
thehealthyscratch
Registered User
 
thehealthyscratch's Avatar
 
Join Date: Mar 2011
Country: Canada
Posts: 283
vCash: 500
They don't give "tax breaks" to the corporation/business for buying leafs tickets. Do you realize every company in the world would be lined up for leafs tickets in that case?

What happens is they are allowed to write off the tickets as an expense, enticing them to buy the tickets for meetings and what not just because the government is paying for the night out. But there's a huge difference between a $500 pair of leafs tix vs 0.10% of millions of $+ in revenue

For me as a fan, it's a good thing. But if I were a fortune 500 exec, i'd be pretty ticked

thehealthyscratch is offline   Reply With Quote
Old
02-29-2012, 10:34 PM
  #23
Darkhorse1280
Registered User
 
Darkhorse1280's Avatar
 
Join Date: Jun 2008
Location: York Region
Country: Canada
Posts: 3,336
vCash: 500
Quote:
Originally Posted by Eb View Post
Ya this is not good.

Then on to the next person patiently waiting on the 20 yr list of potential season ticketholders.

The world's smallest violin for those poor conglomerates who can no longer write off their tickets as a business expense any longer.

Darkhorse1280 is offline   Reply With Quote
Old
02-29-2012, 10:39 PM
  #24
Deebo
HFBoards Sponsor
 
Join Date: Jan 2005
Location: Toronto
Country: Canada
Posts: 4,750
vCash: 500
Quote:
Originally Posted by R McD View Post
About time. As for those other teams, tough rocks. Governments at the federal and provincial level should not be in the business of subsidizing professional hockey teams.

Do you know how much tax revenue a professional sports team brings in?

If giving the corporations tax breaks for buying season seats keeps the ottawa senators in business, bars in ottawa see increased business, parking lots around SBP see increased revenue, people buy sens mechandise, people buy concessions... all this increases tax revenue.

If the sens go out of business, then there is 0 tax revenue on ticket sales, concessions, merchandise etc. The tax break doesn't subsidise a professsional hockey team, it stimulates the economy and increases the overall tax revenue.

Deebo is offline   Reply With Quote
Old
02-29-2012, 10:40 PM
  #25
Finnish your Czech
Jermain Defriend
 
Finnish your Czech's Avatar
 
Join Date: Nov 2009
Location: Toronto
Country: Finland
Posts: 42,193
vCash: 50
This could be costly for some Ontario ohl teams

Finnish your Czech is online now   Reply With Quote
Reply

Forum Jump


Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 02:06 PM.

monitoring_string = "e4251c93e2ba248d29da988d93bf5144"
Contact Us - HFBoards - Archive - Privacy Statement - Terms of Use - Advertise - Top - AdChoices

vBulletin Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
HFBoards.com is a property of CraveOnline Media, LLC, an Evolve Media, LLC company. 2014 All Rights Reserved.