Toronto Ukraina won the 1954 NSL Championship.
Player roster
Theodore Semeniuk -goalkeeper.
Harry Ryhajlo – right back.
Tony Ercegovic – left half.
Ostap Steckiw – right half.
Walter Zakaluzny -inside left.
Myron Bereza – outside left.
Bogdan Opalevic
Walter Lesiuk
Vilo Vrtik
Sorokiwski
Stan Haba
1954 National Soccer League Final standings
| GP | W | L | T | GF | GA | Pts | |
| Toronto Ukraina | 20 | 13 | 3 | 4 | 51 | 28 | 30 |
| Ulster United | 20 | 11 | 4 | 5 | 48 | 27 | 27 |
| Toronto Italia | 20 | 11 | 5 | 4 | 43 | 29 | 26 |
| Toronto Hungaria | 20 | 9 | 6 | 5 | 31 | 32 | 23 |
| Montreal Hakoah | 20 | 10 | 8 | 2 | 43 | 33 | 22 |
| Tridents | 20 | 7 | 7 | 6 | 52 | 46 | 20 |
| Olympia | 20 | 6 | 8 | 6 | 40 | 44 | 18 |
| St. Andrews | 20 | 6 | 9 | 5 | 31 | 42 | 17 |
| East End Canadians | 20 | 4 | 11 | 5 | 22 | 39 | 13 |
| Hamilton Westinghouse | 20 | 5 | 12 | 3 | 35 | 54 | 13 |
| White Eagles | 20 | 3 | 12 | 5 | 29 | 51 | 11 |