Hockey Canada, one of the country's richest sporting organizations, received $14 million in federal government support in 2020 and 2021, including $3.4 million in emergency COVID-19 subsidies.
Team Canada hockey players sing the national anthem after winning gold, defeating Sweden in the final of the IIHF World Junior Championship in Buffalo, N.Y., on Jan. 5, 2018. Unproven allegations in a civil lawsuit say some players from the team were involved in a gang sexual assault in June 2018, in London, Ont.
Politicians from all parties are seeking to establish whether public funds were used to settle a $3.55-million lawsuit brought by a woman who alleges she was sexually assaulted by eight former Canadian Hockey League players following a Hockey Canada Foundation event in London, Ont., in June 2018. "What I want to know and what I think all Canadians want to know is, was there any public funds used to cover up that horrible story of collective rape?" St-Onge told reporters earlier this month after ordering the review. "The other thing that Canadians want to know is how could such an important organization make sure that their players are not accountable for these allegations.
However, financial statements filed with the Canada Revenue Agency's Charities Directorate provide a more complete picture. As of the end of June 2021, Hockey Canada had almost $25 million in cash on hand, as well as $41.5 million in bonds and $77 million in equities, spread across three trust and endowment funds — with its total asset value growing $20 million from 2020 and $32 million more than in 2019.However, the organization did shell out $9.
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