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Red Deer’s “Blue-Collar” Accountant Cory Litzenberger featured on national radio show by Charles Adler

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The Blue Collar Accountant

Cory G. Litzenberger, CPA, CMA, CFP, C.Mgr

Since the time I went to school to become a Chartered Professional Accountant (CPA), I’ve referred to myself as a Blue Collar worker trapped in a White Collar body.

My father, born in 1931, grew up on a farm… and eventually became a journeyman carpenter. My father built houses for his employer for most of his 32 years with that company before being laid off because a White Collar consultant was brought in and had said there was no record of what my father did.

My father was the service and warranty repairman in the twilight of his career and got his tasks each day on pink pieces of “while you were out” note paper.

Not the best record keeping.

My dad now had no job… and this experience had showed me that loyalty to your employer meant nothing.

I was 13 years old – and I (now a 6’6, 350 lb frame), hadn’t even hit my first growth spurt yet.

In order to feed his family, my father got a temporary job cleaning high schools from midnight to 8am. When an opening came up, he helped attach portable classrooms to the growing schools (one classroom I ended up sitting in during high school).

The GST had just become a reality, and the Chretien “Red Book” was going to solve everything.

We eventually moved into a seniors’ living complex as he got a full-time job as an on-site caretaker when I was in high school.

I had the biggest rec room of all my friends.

What did this hard work and determination from my Blue Collar father teach me? It taught me – don’t be “that” guy. Don’t be the White Collar business owner or consultant that comes in and makes it difficult for working class families trying to make ends meet.

As a result of my upbringing and education, I was a square peg in a round hole (or I guess based on my stature, a round peg in a square hole).

I started delivering flyers, became a busboy in a small family restaurant, eventually moving on to unloading semi-trucks at a grocery store, pumping gas, landscaping, working security at bars and Roughriders games, refereed basketball, and became a bank teller.

Yes… I could hold a job. The reality is that they were all part-time, and I worked four of them at the same time during the day, while going to school at night.

I was not going to end up in my father’s position. I was going to be a White Collar guy… but I was going to do it differently.

Eventually, I found my path into accounting and taxation, and much of my story has been documented since then.

The one thing I’ve always done, is stand up for small business owners, especially the Blue Collar trades businesses that needed someone in their corner.

To this extent, after listening to Charles Adler, I wrote a thread on Twitter after he spoke about his parents, and wondered how they would be treated today trying to get ahead.

I’ve reposted this thread below, but now you know why I am as passionate as I am about small business – the working class – the Blue Collar. This is not fake… this is me.

Yes, I have a White Collar job, but I’m going to do what I can to stand up for the Blue Collar clients that keep MY family fed… because if they take after their dad, they will eat a lot.

My thread below, also found here

  • The working class in Alberta is also your small business.  Businesses with <100 employees accounted for 70.6% of private sector worker in 2017. 1/2 of that number had <20 employees. Energy sector prefers contractors over employees because of volatility in commodities…
  • … as a result, many contractors are laid off before any employee layoffs are even mentioned in the news. These trades contractors work away for weeks (sometimes months) at a time not knowing if the day they go home will be their last cheque or not. …
  • … Employment Insurance (EI) only covers employees. Contractors can opt in for EI Special Benefits like maternity and medical leave, but they are not eligible for EI Regular benefits like employees. We hear the laurentians of Eastern Canada say they should have saved money…
  • … saved it for a rainy day maybe… but they don’t realize that even Noah only had to make it last 40 days… not 40 weeks… not 40 months. We are now into month 48 of the downturn in the Energy sector… the rainy day fund is bone dry. So what has the government done? …
  • … since elected, we saw the introduction of the Specified Corporate Income (SCI) rules. Simply put, if you are in business in Canada; do a job for a relative that is more than 10% of your gross sales for the year, you lose your small business tax rate on that income…
  • … this was a massive blow to agriculture and rural Canada where many relatives work for each other. There are proposed relief coming to the agriculture sector, but not rural Canadians in business. Then came TOSI – Tax On Split Income…
  • … this does not target the downtown Toronto retailer, but it does target your small business trades. Remember ‘those people’ in Alberta’s energy sector? Yep, it hits them the most… especially those under 25… https://linkedin.com/pulse/how-would-mary-joseph-taxed-today-cory-g-litzenberger/… …
  • … the TOSI changes impacted the middle class the most… https://linkedin.com/pulse/targeting-middle-class-how-trudeau-government-tax-you-litzenberger/… … the math shows just how more punitive this rule is on low and middle income Canadians compared to wealthy ones…
  • … then came Adjusted Aggregate Investment Income (AAII) rules under the guise of “taxing the wealthy”. The talking points were about a $1M portfolio making 5%. The reality is that it is legislated as $50,000 of income. The size of the portfolio is irrelevant. …
  • … The most common way to hit $50k of income is to have sublet part of your business location since you don’t need it all. This AAII tax hit ONLY impacts small business. It does not hit pure holding companies; large corporations; or foreign controlled companies in Canada. …
  • … in addition to already paying 50.67% income tax on that rental income (Alberta rates), you would start to lose your small business tax rate at $5 to $1. In other words, $1 over the limit, didn’t change your federal active business rate from 11% to 27% on that dollar…
  • … it changed it on $5 of your income. So that means instead of paying an additional 16 cents of tax on that extra dollar of income, you were paying 5 x 16 = 80 cents. 80% income tax on that extra $1 of investment income. But that’s not all…
  • … this was over the 50.67% already taxed. This means on that $1.00 of extra investment income, you would be charged $1.3067 in tax. Remember: Large Corporations, Pure Holding Corporations, and Foreign controlled corporations still only pay 50.67% on that same dollar…
  • … Tell me in what world does a 130.67% tax rate on $1 of income make sense? Since 2015, the Federal Government has methodically attacked small business with tax changes, but has done so while convincing urban Ontario and Quebec that they are targeting the wealthy…
  • … the working class, small business in rural Canada has been slowly squeezed by tax policy. Which part of Canada do you think has to use the most carbon, just to get to work and buy groceries? Rural Canada. There is an urban vs rural divide happening right now. #cdnpoli
  • (addition)… throw into the mix the increase in CPP contributions required from 4.95% to 5.95% of earnings by 2023 and that 1% on someone making the projected maximum CPP amount is $600 extra. Both the employee and employer pay this in 2023… but don’t worry…
  • … the basic personal amount was projected to be $13,092 by then, and the gov’t is raising it to $15,000 instead. A difference of $286.20 in tax. So, you pay up to $600 more to CPP, and get back $286.20. But if you are self-employed, you pay $1,200 to get the same $286.20…
  • … if you are a small business with 5 employees… you pay $3,000 more for them… and get nothing more in return. An increase on the CPP amount is not to help pension, it is just another attack on small business and the working class.

https://omny.fm/shows/charles-adler-tonight/who-really-are-the-canadian-working-class

After 15 years as a TV reporter with Global and CBC and as news director of RDTV in Red Deer, Duane set out on his own 2008 as a visual storyteller. During this period, he became fascinated with a burgeoning online world and how it could better serve local communities. This fascination led to Todayville, launched in 2016.

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Canada urgently needs a watchdog for government waste

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This article supplied by Troy Media.

Troy Media By Ian Madsen

From overstaffed departments to subsidy giveaways, Canadians are paying a high price for government excess

Canada’s federal spending is growing, deficits are mounting, and waste is going unchecked. As governments look for ways to control costs, some experts say Canada needs a dedicated agency to root out inefficiency—before it’s too late

Not all the Trump administration’s policies are dubious. One is very good, in theory at least: the Department of Government Efficiency. While that
term could be an oxymoron, like ‘political wisdom,’ if DOGE proves useful, a Canadian version might be, too.

DOGE aims to identify wasteful, duplicative, unnecessary or destructive government programs and replace outdated data systems. It also seeks to
lower overall costs and ensure mechanisms are in place to evaluate proposed programs for effectiveness and value for money. This can, and often does, involve eliminating departments and, eventually, thousands of jobs. Some new roles within DOGE may need to become permanent.

The goal in the U.S. is to reduce annual operating costs and ensure government spending grows more slowly than revenues. Washington’s spending has exploded in recent years. The U.S. federal deficit now exceeds six per cent of gross domestic product. According to the U.S. Treasury Department, the cost of servicing that debt is rising at an unsustainable rate.

Canada’s latest budget deficit of $61.9 billion in fiscal 2023-24 amounts to about two per cent of GDP—less alarming than our neighbour’s situation, but still significant. It adds to the federal debt of $1.236 trillion, about 41 per cent of our estimated $3 trillion GDP. Ottawa’s public accounts show expenses at 17.8 per cent of GDP, up from about 14 per cent just eight years ago. Interest on the growing debt accounted for 9.1 per cent of
revenues in the most recent fiscal year, up from five per cent just two years ago.

The Canadian Taxpayers Federation (CTF) consistently highlights dubious spending, outright waste and extravagant programs: “$30 billion in subsidies to multinational corporations like Honda, Volkswagen, Stellantis and Northvolt. Federal corporate subsidies totalled $11.2 billion in 2022 alone. Shutting down the federal government’s seven regional development agencies would save taxpayers an estimated $1.5 billion annually.”

The CTF also noted that Ottawa hired 108,000 additional staff over the past eight years, at an average annual cost of more than $125,000 each. Hiring based on population growth alone would have added just 35,500 staff, saving about $9 billion annually. The scale of waste is staggering. Canada Post, the CBC and Via Rail collectively lose more than $5 billion a year. For reference, $1 billion could buy Toyota RAV4s for over 25,600 families.

Ottawa also duplicates functions handled by provincial governments, often stepping into areas of constitutional provincial jurisdiction. Shifting federal programs in health, education, environment and welfare to the provinces could save many more billions annually. Poor infrastructure decisions have also cost Canadians dearly—most notably the $33.4 billion blown on what should have been a relatively simple expansion of the Trans Mountain pipeline. Better project management and staffing could have prevented that disaster. Federal IT systems are another money pit, as shown by the $4-billion Phoenix payroll debacle. Then there’s the Green Slush Fund, which misallocated nearly $900 million.

Even more worrying, the rapidly expanding Old Age Supplement and Guaranteed Income Security programs are unfunded, unlike the Canada Pension Plan. Their combined cost is already roughly equal to the federal deficit and could soon become unmanageable.

Canada is sleepwalking toward financial ruin. A Canadian version of DOGE—Canada Accountability, Efficiency and Transparency Team, or CAETT—is urgently needed. The Office of the Auditor General does an admirable job identifying waste and poor performance, but it’s not proactive and lacks enforcement powers. At present, there is no mechanism in place to evaluate or eliminate ineffective programs. CAETT could fill that gap and help secure a prosperous future for Canadians.

Ian Madsen is a senior policy analyst at the Frontier Centre for Public Policy.

The views, opinions, and positions expressed by our columnists and contributors are solely their own and do not necessarily reflect those of our publication.

© Troy Media

Troy Media empowers Canadian community news outlets by providing independent, insightful analysis and commentary. Our mission is to support local media in helping Canadians stay informed and engaged by delivering reliable content that strengthens community connections and deepens understanding across the country.

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Trump says he expects ‘great relationship’ with Carney, who ‘hated’ him less than Poilievre

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From LifeSiteNews

By Anthony Murdoch

U.S. President Donald Trump implied that he was satisfied with Mark Carney winning the 2025 Canadian federal election, calling him a “nice gentleman” who “hated” him less than Conservative leader Pierre Poilievre.

“I think we are going to have a great relationship. He called me up yesterday and said, ‘Let’s make a deal,’” said Trump on Wednesday when asked about Carney and Monday’s election results.

Trump then said that Carney and Poilievre “both hated Trump,” but added, “It was the one that hated Trump I think the least that won.”

“I actually think the conservative hated me much more than the so-called liberal, he’s a pretty liberal guy,” he said.

Trump said that he spoke with Carney already, and that “he couldn’t have been nicer. And I congratulated him.”

“You know it’s a very mixed signal because it’s almost even, which makes it very complicated for the country. It’s a pretty tight race,” said Trump.

Trump then called Carney a “very nice gentleman and he’s going to come to the White House very shortly.”

Monday’s election saw Liberal leader Carney beat out Conservative rival Poilievre, who also lost his seat. The Conservatives managed to pick up over 20 new seats, however, and Poilievre has vowed to stay on as party leader, for now.

Back in March, Trump said at the time he had “an extremely productive call” with Carney and implied that the World Economic Forum-linked politician would win Canada’s upcoming federal election.

Trump, mostly while Justin Trudeau was prime minister, had repeatedly said that Canada should join the United States as its 51st state. This fueled a wave of anti-American sentiment in Canada, which saw the mainstream press say Poilievre was a “Trump lite” instead of Carney.

Poilievre at the time hit back at Trump, saying that the reason Trump endorsed Carney was that he “knows” he would be a “tough negotiator.”

Trump’s comments regarding Carney were indeed significant, as much of the debate in the mainstream media ahead of the election was about how the prospective leaders will handle tariff threats and trade deals with America.

Many political pundits have said that Carney owes his win to Trump.

Carney’s win has sparked a constitutional crisis. Alberta Premier Danielle Smith, as reported by LifeSiteNews, said that her province could soon consider taking serious steps toward greater autonomy from Canada in light of Carney’s win.

Under Carney, the Liberals are expected to continue much of what they did under Trudeau, including the party’s zealous push in favor of abortion, euthanasia, radical gender ideologyinternet regulation and so-called “climate change” policies. Indeed, Carney, like Trudeau, seems to have extensive ties to both China and the globalist World Economic Forum, connections which were brought up routinely by conservatives in the lead-up to the election.

Poilievre’s defeat comes as many social conservatives felt betrayed by the leader, who more than once on the campaign trail promised to maintain the status quo on abortion – which is permitted through all nine months of pregnancy – and euthanasia and who failed to directly address a number of moral issues like the LGBT agenda.

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