06 Feb 2018
Éric Lebel
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

In recent news, the issue of the actual impacts of bankruptcy in Québec has resurfaced. Daniel Germain, from Les Affaires, sat down to speak with Éric Lebel, partner and Licensed Insolvency Trustee, to demystify the consequences of bankruptcy.

Our expert reminds us that the Bankruptcy and Insolvency Act is a federal act and that it’s not any easier going bankrupt in Québec than anywhere else in Canada. Furthermore, Éric confirms that there’s nothing glamourous about declaring bankruptcy and there are significant, real consequences that everyone should know about.

To learn more about the unknowns relating to personal bankruptcy, read Daniel Germain’s blog (in French) published January 30, 2018.

06 Feb 2018  |  Written by :

Éric Lebel is a partner at Raymond Chabot Grant Thornton. He is your expert in recovery and...

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05 Feb 2018

SMEs in Saguenay-Lac-Saint-Jean region should focus on industries other than aluminum or forestry. Éric Dufour, Regional Vice-President of Raymond Chabot Grant Thornton, believes that businesses would benefit from investing in sectors such as the food industry, tourism or national defense, which have unsuspected returns for the region.

Éric said: “At the start of this year, I’d like to emphasize that culture needs to change. We need to focus the spotlight on niches that are more significant that we think: the food industry, electronics, the Canadian Armed Forces base in Bagotville and knowledge technologies… These are but a few niches that business owners should turn their attention to”.

Our partner and business transfer leader calls for decision-makers to diversify their client sources in order to limit the adverse effects of economic downturns. Éric adds: “To survive over time, a business must have relationships with more than one client”.

For more information on this topic, read the interview (in French) our expert granted to Informe affaires on January 28, 2018.

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01 Feb 2018

Montmagny, February 1, 2018 – Raymond Chabot Grant Thornton is proud to announce the merger of the activities of Richard Dubreuil CPA inc. with those of its Côte-du-Sud region, in the towns of Montmagny, La Pocatière and Saint-Jean-Port-Joli, in effect since January 1, 2018.

For both organizations, the transaction provides their clients a combination of solid expertise with a human touch and a robust service offering.

Founded in 2000, Richard Dubreuil CPA inc. has approximately a dozen employees providing tax, assurance and personal and corporate tax return services. The founder and its employees will join the Raymond Chabot Grant Thornton team in Saint-Jean-Port-Joli.

Michel Proulx, Raymond Chabot Grant Thornton Regional Vice-President stated: “We are very pleased to have Richard Dubreuil and his team join us. These professionals have a proven track record for maintaining quality business relationships with their clients. With the arrival of these new talents, clients in the region will have access to a larger group of experts sharing the same values of excellence and quality.”

Richard Dubreuil added: “There is no doubt that joining the ranks of the largest accounting firm in Quebec and a member of an extensive national and international organization is the best way to ensure quality services for my clients and better support for our local organizations. I’m very enthusiastic about the merger. Raymond Chabot Grant Thornton is the best firm to be able to combine service with a human touch together with the expertise of the largest accounting firm.”

The two groups are expected to combine their teams in the current premises of Richard Dubreuil CPA inc. by the end of 2018. Clients of the Dubreuil team will be able to continue dealing with their respective consultant while having access to Raymond Chabot Grant Thornton’s extensive service offering in accordance with the highest assurance, tax and advisory standards in the industry.

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About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton has become a Canadian leader in the areas of assurance, tax, consulting services and business recovery and reorganization, with more than 2,300 professionals, including approximately 200 partners. Together, Raymond Chabot Grant Thornton and Grant Thornton LLP, another Canadian member firm of Grant Thornton International Ltd, comprise more than 4,200 professionals and close to 140 offices across Canada to help Canadian organizations achieve their full growth potential both locally and globally. Grant Thornton International Ltd’s member and correspondent firms provide clients with the expertise of some 47,000 professionals in more than 130 countries.

Paule Côté
Consultant ‒ Marketing and Communications
Bas-Saint-Laurent, Gaspésie and Edmundston
Raymond Chabot Grant Thornton
Telephone: 418-732-8662
Email: [email protected]

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

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26 Jan 2018

On January 17, 2018, the Regroupement des cabinets de comptables provided their comments about Bill 141 intended primarily to improve the regulation of the financial sector, the protection of deposits of money and the operation of financial institutions.

The public hearings are part of the special consultations of the Quebec National Assembly’s Committee on Public Finance .

Raymond Chabot Grant Thornton Partner Martin Deschênes among the spokespersons

Martin Deschênes, Partner and Leader of the Financial Advisory Group, was one of the spokespersons for the Regroupement des cabinets de comptables, with Alain Côté (Partner at Deloitte), to enlighten Committee members about the practical aspects of the amendments resulting from Bill 141 concerning the practice of the CPA profession.

It was in this vein that the Regroupement des cabinets de comptables recommended that the legislator withdraw from proposed article 17.0.1 of Bill 141 the lifting of professional secrecy and other loyalty or confidentiality obligations of the codes of ethics binding Quebec professionals and their clients to allow time for reflection on the benchmarks surrounding whistleblowing by professionals and that a specific framework be defined accordingly.

To properly understand the accounting firm’s arguments and learn more about their observations and suggestions for improving this bill, view the public hearings, primarily the experts presentation (first 10 minutes).

You can also consult the article (in French) that appeared in the January 18 edition of Conseiller.ca to learn more about the various statements made during this consultation day.