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Tuesday, April 26, 2016

Kellie Leitch: Doctor, Member of Parliament, Actress

Kellie Leitch “takes responsibility”


The plan to create a barbaric cultural practices tip line may have been at once the dumbest and the ugliest moment of the 2015 campaign. If Kellie Leitch, one of its sponsors, now hopes to lead the Conservative Party, she needs to put it behind her.


Kellie Leitch gave Canadians crocodile tears on national TV as she accepted responsibility for barbaric cultural practices tip line but never shed a tear for trying to deceive Canadians and the ethics commissioner for lying about her earning.... what a Princess of Deceit 

Fron the Huffington Post of 10/21/2013

Will the Ethics Minister Investigate this MP's Failure to Disclose Her Income?

It was previously reported that Minister Leitch was in good standing with the Ethics Commissioner and she did not declare any additional income in her report for the public registry. This is the information she provided to media in a congenial, receptive email. But that registry and the Canadian Securities Regulators at Sedar appear to have a different opinion.
The following is a public version of events, expressed in a timeline with commentary:
May 4, 2010 -- Kellie Leitch causes a stir with Conservatives in Simcoe-Grey, when she attends private meetings as a star candidate who was parachuted from Toronto.
May 6, 2010 -- Kellie Leitch becomes a paid trustee at Dundee REIT (see also May 10, 2010 - report of voting results). As part of a Declaration of Trust, she must agree to a non-competition clause with the company. She is not permitted to acquire an interest, even indirectly from commercial real estate, without first allowing Dundee the option of purchasing said investment (see page 37).
Dundee REIT is a subsidiary of Dundee Corporation and Ned Goodman is the owner, occupying a seat at the same table as MP Leitch. Mr. Goodman is better known as one of the richest people in Canada (see page 18). The REIT is better known for its main accounts, as landlord to the Government of Canada, Government of Ontario, Government of British Columbia, Government of Alberta, Government of Saskatchewan, Government of Quebec, Government of Northwest Territories,Enbridge Pipelines and SNC Lavalin. This is in addition to the Canada Revenue Agency, Canadian Food Inspection Agency, Cities of Edmonton and Calgary, Alberta Health Services, CAE and Ministry of the Attorney General (see page 20).
In media it's not mentioned that Dundee REIT is behind the Toronto Pan Am village, but annual filings detail the company's $15 million investment, with an expected profit of $50 million when the properties are finally sold (see page 12).
In the same report Mr. Goodman shares his executive insight with underlings like Minister Leitch. He says,
"Inflation is a certainty because without any other reasons, and there are many, it is a political and financial tool that allows for de-leveraging of debt and payment of deficits. In addition, politicians very seldom get elected by causing deflation. Almost everyone likes inflation. If you are a government and inflate prices, then you keep people struggling and working hard to keep pace with inflation. The poorer the people are, the more likely they can be kept under control. In addition, inflation for rich people is taxable and deflation is less so. No government ever has an incentive to deflate, but has incentive in fact to inflate. Voters prefer inflation to deflation." (see page 19)
He would have said this while also acting as the Chancellor of Brock University.
May 10, 2010 -- The appointment of Dr. Leitch to Dundee REIT is confirmed by Sedar.com (see May 10, 2010, report of voting results).
May 2010 -- Kellie Leitch is slated to receive 4,607 deferred REIT units for her services as a trustee in the first year (see April 18, 2011, management information circular - within report, view page 6). Her access to sensitive information about the company and advice from owners like Mr. Goodman is granted (view page 9). The compensation structure is outlined and as a trustee, Dr. Leitch will play a role in determining these amounts, including the amount of payment due to Mr. Goodman and approval of deferred units like she received (view pages 12-13). In addition to receiving property investments and a personal stake in government tenants, Leitch receives $21,000 in cash for meeting fees (see page 18). It's important to understand this compensation was negotiated at the onset, but actual payment would be received into the next year. The deferred units go through a 5 year vesting period, with parts maturing at each anniversary. This would provide Dr. Leitch with steady income for a minimum of 5 years (view page 16).
May 2010 -- Dundee REIT confirms it will invest $20 million to construct a building for the Government of Canada in Yellowknife, fully leased to the government for 10 years (see May 6, 2010, interim financial statements - within report, view page 21).
December 31, 2010 -- Kellie Leitch is confirmed to receive $21,000 in cash, for her services at Dundee REIT (see page 18).
March 21, 2011 -- Much of the Conservative riding executive quits in Simcoe-Grey, due to the ouster of Helena Guergis and the parachuting of Kellie Leitch.
March 31, 2011 -- As Defence Minister, Peter MacKay visits the riding of Simcoe-Grey to campaign on behalf of Dr. Leitch. On the same day, Dundee REIT releases a business update to Sedar.com that includes important information about its trustees. Leitch is legally reported to live in the municipality of Toronto (see March 31, 2011 -annual information form - within report, view pages 30, 31). This supports the accusation that she was parachuted to another riding.
April 12, 2011 -- Leitch's business partner and Dundee Corporation owner, Ned Goodman, purchases considerable interest in resource extraction from the Ring of Fire - a point of deep contention for Northern Ontario Native communities.

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