Revenue Canada tells Avalon East league to start issuing T4s
As predicted, the Bud Light Avalon East senior hockey league annual general meeting came and went without any controversy.
Thanks to Revenue Canada, that might come later.
At Wednesday’s AGM at the Smallwood Arena in Mount Pearl, league president Kevin Dicks said “a lot of the players and teams have received notification from Revenue Canada that T4 slips are going to have to be issued.”
At issue is the amount of money, tax-free and largely under the table some players receive for their on-ice service. There’s also a possibility teams could have to pay into the Canada Pension Plan and Employment Insurance.
“We’re meeting with a chartered accountant and we probably will appeal the determination Revenue Canada has arrived at,” says Dicks, adding that teams in the West Coast senior league were served the same notice.
“It has potential to not only reflect on hockey, but pretty well all sports where there’s payment (to) players involved.”
In regular AGM business, Dicks, vice-president Ed Oates and treasurer Ian Moores — whose financial statement put the league $105, 000 in the black — were all returned to those jobs unchallenged.
Ken Hunt replaces Kevin Butt as league secretary, while Dave Brazil was formally added to the executive as a voting member after taking on the position of director of promotion and media relations.
The league’s first draft is expected to be held on or about Oct. 18, with the regular season set to begin the following weekend.