09 Jun 2015

In an article published in La Presse, Éric Dufour, Vice-President, Partner and National Business Transfer Leader, recommends that entrepreneurs produce a succession plan when they initiate the process of transferring their business. “More than 92% of them don’t have one,” he explains.

The succession plan must result from a process of reflection that accounts for the entrepreneur’s motivations and the human aspect in general. According to Éric Dufour, entrepreneurs need guidance so they can talk about everything that concerns them.

To find out more, see the article: Transferts d’entreprises: sur quoi baser sa réflexion? (Business transfers: on what should you base your thinking?)

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05 Jun 2015
Sylvain Moreau

Sylvain Moreau

In an interview given to La Presse, Sylvain Moreau, Tax Partner, gives advice on the tax strategy to adopt at age 65. He recommends the use of income splitting for couples, which can allocate up to 50% of a spouse’s eligible pension income to the other spouse. “This is fairly interesting. There is no single figure, but this strategy often generates a saving of $1000. Sometimes it can go up to $4000 or $5000,” Mr. Moreau explains. The expert also reviews the many income tax credit available at age 65. “The challenge is to know them and know which ones I am entitled to claim,” he adds. To learn more, see Simon Lord’s article  “Retraite : la fiscalité à 65 ans” (Retirement: taxation at age 65).

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05 Jun 2015

MONTRÉAL, June 5, 2015 – Raymond Chabot Grant Thornton is proud to be joined by a team of experts from Cognifistech, specialized in Scientific Research and Experimental Development (SR&ED) tax credit programs.

Cognifistech’s top professionals are joining one of the largest teams in Quebec specialized in SR&ED and innovation. “Coupled with the addition of M4S in 2013, our firm became an advisor of choice among local businesses for their research and development needs. Today, as we welcome these new and talented professionals, we are taking yet another important step towards excellence. By merging with Cognifistech, we are expanding our offer and further demonstrating our commitment to our clients to provide incomparable quality and diversity of professional services,” stated Samuel Havida, Vice-President (elect) of Raymond Chabot Grant Thornton’s Montréal region.

Cognifistech’s President, Pascal Perrault said, “We are extremely pleased to join a firm of Raymond Chabot Grant Thornton’s calibre and reputation. Our clients will have access to a wide array of services and an international network in over 130 countries. This merger represents extensive synergy opportunities and added value for our clients.”

Cognifistech’s experts have been working from Raymond Chabot Grant Thornton’s offices since May 15th. They are located in Montréal, Laval and Saint-Jérôme.

 About Cognifistech

Founded in 2003, Cognifistech Inc. specialized in preparing scientific research and experimental development (SR&ED) tax credit claims and in providing related advisory services. Over the years, Cognifistech developed leading and constantly evolving SR&ED expertise, offering its professional services to numerous Canadian businesses in a wide range of industries.

 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 2,500 professionals, including some 230 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 4,300 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 40,000 professionals.

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Source:

Francis Letendre
Senior Consultant – Public Relations
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
letendre.francis@rcgt.com

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03 Jun 2015

MONTRÉAL, June 3, 2015 – “It’s been a while since conditions for growth in the manufacturing sector have been this favourable, but the recovery is not for everyone,” stated Guy Barthell, Partner in Raymond Chabot Grant Thornton’s Strategy and Consulting Group. His comments were made in conjunction with the release of the Quebec component of the cross-Canada manufacturing sector study sponsored by Grant Thornton LLP, Raymond Chabot Grant Thornton’s Canadian counterpart.

Manufacturers cautiously optimistic

U.S. manufacturers are enjoying a resurgence and free trade agreements have reduced trade barriers, factors that improve local business prospects. In light of this economic and political situation, in particular the weak Canadian dollar, compared to the U.S. dollar, the study reveals that 60% of Quebec manufacturers are cautiously optimistic (slightly below the national average of 63%).

Tougher competition

Many manufacturers are concerned about tough competition. This is the reason most often given to explain their reluctance to expand beyond North America. This concern is also seen in the industry’s greatest business challenges, as revealed by the study: controlling costs (1st) pressures on pricing (4th), which is very strong internationally.

Poor productivity

An analysis of the Quebec component of the cross-Canada study indicates that for many Quebec manufacturers productivity issues are limiting access to international markets with their growth potential. “It’s important to take advantage of the economic situation to invest in training, research and development. Only those businesses that are able to improve their practices can take advantage of the global economy,” Barthell concluded.

The complete study may be viewed at the following: www.rcgt.com/en/outlook2015.

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 2,500 professionals, including some 230 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 4,300 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 40,000 professionals.

-30-

Source:

Francis Letendre
Senior Consultant – Public Relations
Raymond Chabot Grant Thornton
Tel.: 514-390-4201Phone
letendre.francis@rcgt.com