On November 12, 2014, Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton–the largest accounting firm in Quebec–shared the firm’s ideas to boost economic growth, create jobs and make our society more competitive before 200 guests.
The dinner-conference organized by the Canadian Italian Business Professional Association (CIBPA) allowed Emilio to continue promoting his ideas for a stronger and more competitive Quebec with an economic speech that has resonated with many during several other business events over the past few months.
He took the opportunity to underscore the undeniable contribution of the Italian community and its business owners to Quebec’s success, as supporters of our society and economy’s growth and reputation.
The measures stemming from Emilio’s four main ideas translate to four pillars of economic development. They include Entrepreneurship, Education, Employment and Sustainable Development.
For Emilio, “We sometimes forget just how strong Quebec’s potential is. Our society is bursting with talent. Our labour force is trained and very bilingual. We have experienced entrepreneurs, ambitious decision-makers, plentiful natural resources, and abundant, clean and renewable energy sources. But despite these advantages, Quebec needs to do far more if it wants to take a place among the most competitive, innovative and productive regions in the world. Our public debt is hindering our growth. Taxpayers, whether citizens or companies, are tired of having to constantly dip into their pockets […] The key to our collective success is creating wealth ”, he said, kicking off his speech.
Emilio’s four main ideas with specific measures can be summarized as follows:
1. Encourage entrepreneurship through tax incentives
- Make it fair from a tax point of view to sell a business, whether selling to family or foreign interests.
- Hold a public consultation to measure the impact of reducing or eliminating corporate taxes for SMEs, and define clear rules without reducing the government’s tax base.
2. Take advantage of export opportunities
- Take advantage of the soon-to-be official free trade agreement with Europe to develop new markets. Canada will be the only country in the world with free access, baring a few exceptions, to the two largest markets on the planet. Including North American consumers, Quebec has a potential market of over 900 million people!
3. Train and attract talent more effectively
- Start teaching basic concepts at the high school level about credit, public debt, the cost of public services, and the importance of creating a budget.
- Improve the process for selecting and integrating immigrants by creating other agreements, such as the France-Quebec agreement, to recognize the qualifications of professionals from other regions.
4. Exploit natural resources respectfully and sustainably
- Develop a framework that supports long-term investments and infrastructures, specifically in terms of ports and railways.
Emilio B. Imbriglio with colleagues from Raymond Chabot Grant Thornton: Mario Venditti, Partner, Patrick Ouimet, Partner, Marco Berretta, Partner, Mike Deninno, directeur, Emilio B. Imbriglio, president & CEO, Éric Bergeron, Partner, Rick Sassano, Partner, et Tony Vescio, Partner.