14 Feb 2014

Once again this year, Raymond Chabot Grant Thornton tax experts had the opportunity to share their observations with different media (in French) regarding the federal budget tabled on February 11, 2014.

This outreach once again is proof of the firm’s professionalism and influence throughout Québec and the Ottawa and Edmundston areas, particularly through the speedy publication of a tax bulletin and a press release, as soon as the lock-up was lifted.

Here are some interviews conducted by the firmʼs tax specialists:

Tax Partner Luc Lacombe, who attended the budget lock-up, gave interviews to several Québec radio stations. Among the interviews conducted by Luc Lacombe, we should mention those given to:

Mr. Lacombe also acted as a spokesman for CPA Canada on the CPAC show Revue politique (go to 16:40 minutes, and more specifically, to 19:40 minutes for Mr. Lacombe), broadcast the evening the budget was tabled.

Tax Partner Sylvain Gilbert granted four radio interviews:

  • Radio-Canada Première with host Réjean Blais, aired February 11 in the Estrie region
  • Passion Rock 101.9 FM with host Marc Bossé, broadcast February 12 in the Victoriaville region
  • O 97.3 FM Le meilleur de la musique with host Jason Caron, aired February 12 in the Chaudière-Appalaches, Estrie and Centre-du-Québec regions
  • Passion Rock 105.5 FM with host Jean-Hugo Savard, broadcast February 12 in the Chaudière-Appalaches region

In addition, the Regional Vice-President for the Eastern Townships, Réal Létourneau, participated in a round table organized by the newspaper La Tribune, along with other decision-makers from the region. Two articles were published in this regard, a more general article on the budget and another on workforce training.

Finally, the press release and the post-budget tax summary were publicized, in particular, on the websites of Québec hebdo, Yahoo Finance and the newspaper L’Avantage du Bas-St-Laurent, as well as Conseiller.ca.

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13 Feb 2014

Within the context of a consultation conducted by Industry Canada on science and technology, Raymond Chabot Grant Thornton decided to submit recommendations to the federal government, in view of its keen interest in research and development issues and its solid expertise in this field. To further ensure the sustainability and competitiveness of Canada’s businesses, Raymond Chabot Grant Thornton is convinced that the federal government has every interest in investing more and better in innovation.

For many years, the firm has supported companies operating in Quebec and in the Ottawa and Edmundston areas to determine the projects and activities that particularly satisfy the criteria of the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program. We have multiple intervention sectors and, in this regard, our mission is to anticipate our clients’ changing needs, by constantly adapting our services to the markets’ emerging realities. We support companies in technology development partnerships and we give them our backing so that they can fully contribute to the economic growth of Quebec and Canada.

The Raymond Chabot Grant Thornton response, tabled on February 7, 2014, recommends certain points with the aim of improving business investments in R&D and innovation. More specifically, the opinion answers one of the questions raised by the consultation: “Building on the advice provided by the Expert Panel on Federal Support for Research and Development, what more can be done to improve business investment in R&D and innovation? “

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13 Feb 2014

Saguenay, February 13, 2014 — Seeking a strategic and financial growth objective, the partners of the Saguenay–Lac-Saint-Jean/Côte-Nord region are pleased to announce the acquisition of the firm Lapointe & Leclerc Associés, CPA, s.e.n.c., located in downtown Chicoutimi.

The expertise and professionalism of this seven-person team will enable Raymond Chabot Grant Thornton to strengthen its position as leader in the region. “In a competitive environment, this type of acquisition represents a privileged source of development for our firm. We are proud to welcome this team to our firm and to count on its expertise and knowhow,” declared Jocelyn Renald, partner with the Chicoutimi office and Regional Vice-President.

The Lapointe & Leclerc Associés team will carry on their activities under the name Raymond Chabot Grant Thornton in Chicoutimi.

All the partners and employees of Raymond Chabot Grant Thornton wish them a very cordial welcome to their team!

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Claudia Madore
Business Development Consultant and Communications Officer for the Saguenay—Lac-St-Jean region.
Raymond Chabot Grant Thornton
[email protected]

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11 Feb 2014

MONTRÉAL, February 11, 2014 – Raymond Chabot Grant Thornton is proud to release its post-budget tax bulletin again this year with the objective of providing the public with abridged, easily understandable and relevant information about the main tax measures that will apply to individuals and businesses in the coming year.

“The dual objective to this document prepared by a team of tax specialists during the lock-up is to promote the prompt dissemination of the tax changes announced and prepare a concise reference for taxpayers to help them avoid unpleasant surprises,” stated Jean Gauthier, Partner and National Tax Leader.

To view the post-budget tax bulletin, go to: www.rcgt.com/en/2014-federal-budget.

Staying the course towards a balanced budget

The Economic Action Plan 2014 tabled today does not include any new taxes on families and businesses. It would appear that any reductions in individual tax burdens are being postponed. Balancing the budget next year will generally rely on freezing departments’ operating expenses. The Harper government projects that the deficit will decline in 2014–2015, to generate a surplus of $6.4 billion in 2015-2016.

“We’ll have to wait until next year to see the ‘real’ budget, given the projected budget surplus and election context,” stated Tax Partner, Luc Lacombe. “Some of today’s measures will foster employment and support growth, such as the Canada First Research Excellence Fund and additional investments in the Canada Accelerator and Incubator Program to help entrepreneurs create new companies and realize the potential of their ideas through intensive mentoring,” Lacombe went on to say.

Tax equity and business transfers: the continuity of our businesses depends on the resolution of this issue

For the past three years, Raymond Chabot Grant Thornton has been applying pressure on the federal government and the Finance Minister to make the business transfer process more equitable from a tax perspective.

“Given the pivotal role entrepreneurs play in our economic development, there is every reason to be concerned that the tax inequity regarding family businesses has not been resolved. Raymond Chabot Grant Thornton believes that if we are to prevent relocations, keep dynamic Canadian family business under the control of Canadians and help them achieve their full potential, tax legislation must be amended so that the capital gain on an intergenerational business transfer is no longer considered a dividend,” stated Emilio B. Imbriglio, President and CEO.

“Unfortunately, it is always less beneficial for a Canadian business owner to sell the family business to a son or daughter than to a stranger,” added Jean Gauthier. “In fact, at this time, the seller loses the benefit of the $800,000 capital gain deduction benefit, which is not the case when the business is sold to a third party,” Gauthier explained.

The report Business Transfers: Problems and Suggested Solutions may be viewed at: http://www.rcgt.com/en/news/business-transfers-report/

About Raymond Chabot Grant Thornton

Founded in 1948, today Raymond Chabot Grant Thornton is a leader in the fields of assurance, tax, consulting services, and business recovery & reorganization. Its strength is based on a team of almost 2,400 people, including some 230 partners in more than 100 offices in Quebec, eastern Ontario and New Brunswick. For the past 30 years, Raymond Chabot Grant Thornton has been a member of Grant Thornton International Ltd, providing clients with the expertise of the member and correspondent firms in more than 100 countries.

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Source: Francis Letendre
Senior Consultant – Public Relations
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
[email protected]