5. Corporations or self-employed workers that purchase opera or hockey game tickets can use
50% of the cost of these tickets to reduce their taxable income. In the case of NHL hockey, it is estimated that this federal tax expenditures amounts to more than 20 million dollars per year. Should such tax deductions be sustained?6. What do you think NHL team owners should be looking for when bargaining for the next
collective agreement if they wish to improve their financial situation? If they want to improve competitive balance in the NHL?7. Imagine that you are advising a business intending to bring back an NHL team to Winnipeg.
What possible financial risks would you highlite? 8. Major league hockey players earned, on average, 1.7 million Canadian dollars in 2005-2006, while Canadian high school teachers earned on average slightly more than $50 000 per year. Discuss whether you believe this to be fair. Discuss the advantages and the drawbacks of an economic system that leads to such discrepancies. 9. What benefits, and drawbacks, do you see in the 2010 Olympic Winter Games in Vancouver-Whistler?