26 Apr 2018
Éric Lebel
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

Éric Lebel, Licensed Insolvency Trustee at Raymond Chabot Grant Thornton, discusses the younger generation’s debt issues the day after a new law is adopted in Quebec to protect students from solicitation.

In a Radio-Canada article published on April 19, 2018, Éric confirmed that the percentage of bankruptcy cases with 18 to 29-year olds is higher than it was five years ago. In fact, in 2012, these cases represented 11.9% of all cases. In 2017, it was 13.2%. “These are not the clients we see most often, but it’s increasing from year to year,” says Éric.

In his opinion, this is a multi-faceted problem: “Access to credit is too easy; young people don’t receive the required education to properly handle their finances and it doesn’t help that we live in a “temptation” society. People don’t resist the temptation to buy things because credit is available beyond our means,” confirms this expert who handles cases of over-indebtedness every week.

You can read the article online (in French).

Financial problems? Call us now for a free consultation at 1-855-724-2268 or go to www.raymondchabot.com.

26 Apr 2018  |  Written by :

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

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26 Apr 2018

As a sponsor of the 2nd edition of the Prix Créateurs d’emplois du Québec, an important event that awards businesses that increased their number of employees during the past year, Raymond Chabot Grant Thornton encourages all eligible companies to participate.

To apply: fill out this short online form.

Deadline: May 31, 2018.

Criteria: number of jobs created or maintained in the past year and a description of how this was achieved.

The official gala will take place on October 24, 2018 at the Centre des congrès de Québec. The Premier of Quebec and numerous business leaders will attend.

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25 Apr 2018

The continuing retirement of baby-boomers is creating a serious need for successors in Quebec SMEs. Éric Dufour, Business Transfer Leader at Raymond Chabot Grant Thornton answered several questions as part of the Les Affaires February 2018 supplement on Business Transfers.

Eric noted: “Employees must be told about the major steps of the succession plan. It’s important to explain the new structure and philosophy and the strategic plan.”

Win-win transactions for transferors

The transfer could even be undertaken in several steps. Eric adds: “You can start by transferring responsibilities, then consider the next steps, such as a progressive shareholder change. This allows transferors to stay on and phase out their involvement, while going through the essential business grief period.”

View the complete business transfer supplement in Les Affaires (available only to subscribers).

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24 Apr 2018

Finalizing your tax returns and wanting to save money? Partner Sylvain Moreau has some advice for you!

In an interview with Cindy Royer on LCN’s Dans vos poches program last Saturday and Sunday, Tax Partner Sylvain Moreau said: “Year-round tax planning is the key to avoid misplacing the necessary papers and making sure you get all the deductions you’re entitled to.”

The expert provided sound advice during the weekend to make taxpayers’ lives easier and inform them about the latest changes in areas such as public transit, health services contribution, taxation of RRSP withdrawals and Tax Credit for Workers 63 or Older.

Watch the full Saturday April 14th interview (in French only):

Watch the full Sunday April 15th interview (in French only):

Sylvain Moreau is also a columnist for the Journal de Montréal and Journal de Québec.