29 Mar 2017
Marc Audet
President and Chief Executive Officer | AURAY Capital and AURAY Sourcing | Human resources consulting

QUÉBEC CITY, March 28, 2017 – In response to the Quebec budget tabled today by Finance Minister, Carlos Leitão, Raymond Chabot Grant Thornton publishes its summary of the main tax measures announced with a number of observations. The reference document prepared by a team of tax specialists in the lock-up may be consulted here. Additionally, the firm highlights some budget measures and invites the government to act on a number of issues.

A budget focussing on services to the population…

Raymond Chabot Grant Thornton lauds significant investments in health and education and public transit that will foster job creation.

“There is no doubt about the benefits of additional investments of $289M for labour development measures. Additionally, improvements to two measures to support businesses, i.e. three-year extension of the tax holiday eligibility period for large investment projects and the introduction of an additional capital cost allowance—representing tax relief of $165M over five years—should bring a breath of fresh air,” indicated Tax Partner, Luc Lacome.

“In a context where entrepreneurs—our wealth creators—need additional means to help them excel in line with their ambitions, we applaud these measures. The government is continuing its tight public fund management while investing in education and health, pillars of our growth. The government is also focussing on the “4Es”: the entrepreneurship, employment, exploiting natural resources and education. However, this budget could have lightened the tax burden of our SMEs, since only those in the primary and manufacturing sector benefit from a 4% tax rate while all others are taxed at 8%, the highest rate in the country,” stated President and CEO, Emilio B. Imbriglio.

Measures We Would Have Liked to See to Further Support Businesses and Investments!


To further stimulate the Quebec economy, Raymond Chabot Grant Thornton, among others, incites the Quebec government to abolish corporate income tax on the first $500,000 of an SME’s taxable income, provided that the savings be invested in productivity, employment and innovation in a manner that avoids abuse. Investments could be subject to accelerated CCA or to a tax credit.

Entrepreneurial succession

“Another major issue for the firm is the preparation of succession plans. First, we salute the additional measures announced today for entrepreneurs, in particular those in the upcoming Action plan for entrepreneurship. The recent announcement of the Caisse de dépôt et placement du Québec’s (CDPQ) creation of the Fonds Relève is excellent news to support successful business transfers,” commented Éric Dufour, Regional Vice-President and National Business Transfer Leader.

While the CDPQ has elected primarily to invest in businesses by way of an equity investment, when they have a well-defined transition plan, the Quebec government should also be supporting businesses that, in fact, want to develop this type of formal business plan. “Since the key to successfully passing the torch and ensuring our businesses’ longevity is a business transfer plan, the government would do well to create a fund to support businesses so they can get professional support in preparing a formal and comprehensive business transfer plan. Only 9% of business owners have a formal, written succession strategy, which is a cause for concern. Moreover, the government should relax the eligibility criteria for various business transfer measures,” added Dufour.

Business Immigration

In the case of business immigration, Raymond Chabot Grant Thornton urges the Quebec government to increase (or abolish the quota system) for the Immigrant Investor Program (IIP). “Until 2011, under the IIP, foreign business people could invest in Quebec in accordance with certain criteria, while benefitting from permanent resident status. Since the introduction of the quota system, processing costs have skyrocketed. This strategic and highly beneficial program for the Quebec economy should be supported, particularly with the growing need for public and private investments, notably in infrastructure,” concluded Marc Audet, President and CEO of Auray Capital, a subsidiary of Raymond Chabot Grant Thornton.

Consult measures proposed to the Quebec government in the firm’s pre-budget notice click here.

About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton has become a Canadian leader in the fields of assurance, tax, consulting services, and business recovery & reorganization. Its strength is based on a team of over 2,300 professionals, including some 200 partners. Together, Raymond Chabot Grant Thornton and Grant Thornton LLP, another Canadian member firm of Grant Thornton International Ltd, help dynamic Canadian organizations unlock their potential for growth with over 4,100 professionals and some 140 offices across Canada. Grant Thornton International Ltd provides clients with the expertise of member and correspondent firms in more than 130 countries, with over 42,000 professionals.


Source :

Francis Letendre
Senior Consultant – Public Relations
Raymond Chabot Grant Thornton
Tel.: 514-390-4201

29 Mar 2017  |  Written by :

Marc Audet is the President & CEO of AURAY Capital International. He is your expert in Residency and...

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27 Mar 2017
Alain Lacasse
Partner | CPA, CA | Assurance

Alain Lacasse and Alexandre Laturaze, film and television sector experts at Raymond Chabot Grant Thornton, joined the Quebec Film and Television Council (QFTC) trade mission in Los Angeles organized in collaboration with the Mayor of Montreal’s Cabinet.

Over the three-day period from March 6th to 9th, the Quebec mission, comprised of the QFTC and 12 companies, met with several key decision-makers from the production and finance sectors in Hollywood to present Quebec’s overall offer in terms of audiovisual production services, highlight the visual effects, special effects, and virtual and augmented reality sectors and promote Quebec’s competitive tax incentives.

Our Raymond Chabot Grant Thornton experts took the opportunity to present their global service offering and give sound advice on television and movie project tax incentives, financing and certification on Quebec.

Read the QFTC news release for more information on the trade mission.

Bottom row, from left to right:

Alain Lacasse (Raymond Chabot Grant Thornton), Andrew Lapierre (MTL Grandé), Pierre Moreau (BCTQ), Manon Gauthier (Ville de Montréal), Brigitte LeBlanc (National Bank), Robert Young (Miralupa / CieAR ), Ricardo Poupada (5th Wall), Sonia Marques (Digital District), Michel Trudel (MELS), Steve McLellan (MELS) and Jacques Brouillette (Globalex).

Top row, from left to right:

Jean-Claude Beineix (Globalex), Alexandre Laturaze (Raymond Chabot Grant Thornton), Robert Schajer (BUF), Iohann Martin (MTL Grandé), Mario Desautels (National Bank), Alexandre Daigle (MTL Grandé), Marie Côté (Rodeo FX), Yanick Wilisky (Hybride), Marjolaine Tremblay (Rodeo FX), Chanelle Routhier (BCTQ), Monique Simard (SODEC), Sylvain Lafrance (BCTQ), Robert Takefman (5th Wall), Graham Peddie (Mr. X), Jennifer Price (BCTQ) and Cyrille Loreau (MELS)


29 Mar 2017  |  Written by :

Alain Lacasse is a partner at Raymond Chabot Grant Thornton. He is your expert in assurance for the...

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23 Mar 2017

Clients See Them as Their Partner, So We Made Them Ours

For close to 70 years, our clients’ confidence has been based on our experts’ competency, discipline, integrity and pursuit of excellence. We are very proud to introduce 15 new passionate, experienced partners focussed on the success of dynamic local enterprises. On site, nearby, they understand their clients’ situation and needs and know how to successfully support their growth.

Raymond Chabot Grant Thornton will introduce its new partners to the business community in an announcement in Les Affaires (March 25) and The Gazette (March 23). Congratulations!

  • Philippe Asselin, Taxation, Brossard
  • Éric Blanchette, Assurance, Drummondville
  • Pierre Bourgeois, Taxation, Montréal
  • Mario Brisebois, Assurance, Gatineau
  • Joseph Carpinone, Advisory, Ottawa
  • Guylaine Dionne, Assurance, Brossard
  • Annie Dubuc, Assurance, Montréal
  • Jonathan Ghali, Assurance, Montréal
  • Jean-François Guimond, Assurance, Chicoutimi
  • Chantale Harvey, Assurance, Alma
  • Stéphane Lauzon, Taxation, Montréal
  • Chantal Ouellet, Assurance, Gatineau
  • Pascal Perreault, Taxation, Montréal
  • Benoit Turcotte, Taxation, Montréal
  • Yasser Waly, Business Development and Strategy, Montréal

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23 Mar 2017
Alain Tremblay
Partner | CPA, CA, CA•TI | Assurance

Raymond Chabot Grant Thornton was a partner of the Les Affaires Business Transfer event that was held March 14, 2017, in Montréal. Alain Tremblay, Partner and Business Transfer Integrator, participated in the morning workshop on business valuation. In the afternoon, he spoke with Stéphane Lozeau Simard of Lozeau and Karine Pomerleau of Transherbe/Four O’Clock on a panel hosted by journalist René Vézina on the following topic: Guaranteeing a transfer that respects the visions of both the transferor and transferee.  

The article “Transfert d’entreprise: jamais sans mes conseillers”, which was published March 16, 2017, on the Les Affaires website, summarizes the discussions held during the conferences and panels on that day.


29 Mar 2017  |  Written by :

Alain Tremblay is an assurance expert at Raymond Chabot Grant Thornton. Contact him today!

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