Quote:
Originally Posted by Flacker
Where does the revenue end up? Is my gate admission tax deductible? A flagrant abuse of the term.
|
Check the financials I included. Revenues go towards many things.
Important to note about the Board:
Quote:
|
The purpose of Calgary Exhibition and Stampede Limited (“Calgary Stampede”) is to preserve and celebrate western heritage, cultures and community spirit. The Calgary Stampede is incorporated under the Companies Act of Alberta as a not-for-profit organization and is exempt from income taxes under the Canadian Income Tax Act. The directors of the Calgary Stampede are elected or appointed volunteers who cannot be paid in any form for their services under its by-laws. The shareholders of the Calgary Stampede, who are also volunteers, cannot receive any dividends, nor can the shares appreciate in value. Shares can neither be sold nor held by persons outside of the province of Alberta nor in the estates of deceased shareholders.
|
I truly think the best place to build an arena to service everyone's interest is on the Stampede grounds