14 Jun 2011

NEWS RELEASE – For immediate distribution

“We’re proud to have supported the Quebec government in concluding the financing of this innovative, landmark project.”
– Emilio B. Imbriglio, Chairman of the Board, Partner, Founder and Head of the Infrastructure Financing team

Montreal, June 14, 2011—Raymond Chabot Grant Thornton welcomes the conclusion of the financial agreement for the construction of the new Centre hospitalier de l’Université de Montréal (CHUM). This event concludes several years of intense work and collaboration by all major stakeholders and advisors and marks the beginning of construction of this major project of unprecedented complexity in Canada. Raymond Chabot Grant Thornton acted as strategic advisor to the Quebec government and played a leading role.

“Our infrastructure financing team has been involved in the CHUM project from the outset. We are pleased to have been able to contribute our know-how and expertise in the field of public infrastructure financing to a project that is of crucial importance to Montreal and to Quebec as a whole,” said the Chairman of the Board of Raymond Chabot Grant Thornton and Partner, Founder and Leader of the Public Infrastructure Group, Emilio B. Imbriglio.

The Firm advised Infrastructure Quebec throughout the process and took a lead role on the financial negotiations leading to the signing of the agreement, in addition to setting up the financing and procurement structure for the mega-hospital and its research centre. “More than 20 Raymond Chabot Grant Thornton consultants worked on this huge project, including several health infrastructure specialists. This teamwork showcases our firm’s expertise and skill in strategic advice for projects of importance to our society. It’s also one of the world’s largest healthcare projects, only made possible through a blend of local and international expertise,” added the Infrastructure Consulting Services Partner, Sam Pickering.

“Raymond Chabot Grant Thornton’s added value in negotiating and implementing public-private partnership projects lies not only in its in-depth knowledge of corporate financing and issues associated with the development of new public infrastructures, but also in its capacity to put together multidisciplinary teams capable of addressing the challenges inherent in each type of project, in fields as varied as healthcare, transportation, public safety, infrastructures and information technologies, among others,” concluded Mr. Imbriglio.

About Raymond Chabot Grant Thornton: Founded in 1948, Raymond Chabot Grant Thornton has become one of the international leaders in assurance, taxation, consulting, and recovery and reorganization services. The Firm owes it success to more than 2,000 employees across Canada, including more than 225 partners in over 90 offices in Quebec, eastern Ontario and New Brunswick. For more than 30 years, Raymond Chabot Grant Thornton has been a member of Grant Thornton International Ltd, offering its clientele access to the expertise of member and corresponding firms in over 100 countries. Grant Thornton Raymond Chabot Infrastructure Inc. works across Canada and is headquartered in Montreal.

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Information:

Francis Letendre
Public Relations Consultant
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
Cell.: 514-554-1685
[email protected]
www.rcgt.com

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27 May 2011

Montréal, May 27, 2011 – Because of its active involvement in and concern for the situation in the Montérégie region, Raymond Chabot Grant Thornton is pleased to kick-off the SOS Richelieu Committee’s fundraising drive with a $15,000 donation to help the flood victims of the Richelieu River.

“We are aware of just how distressing the situation is for those deluged citizens and the repercussions will continue to be felt long after the water levels have subsided. This is why we would like to provide the flood victims with both financial and volunteer assistance”, said Pierre Monette, Vice-President of the Montréal region.

The Firm is undertaking a number of initiatives to come to the aid of the flood victims. In addition to the donation to the SOS Richelieu Committee, teams of volunteers from the various Raymond Chabot Grant Thornton offices will be taking part in the Grande Corvée, scheduled for June 11 and 12 from 8 a.m. to 5 p.m., to collect the detritus and assist with the cleanup required after the water levels have subsided.

The fund, managed by the Saint-Luc Lions Club for the SOS Richelieu Committee, is also under the volunteer monitoring program of Raymond Chabot Grant Thornton LLP of Saint-Jean-sur-Richelieu.

“Having been affected by the floods myself and seeing many of my colleagues and friends in the same situation, I realize just how important it is to join in and to help our fellow citizens today and in the coming month, which is why I’ve accepted to be the patron of the SOS Richelieu Committee’s corporate fundraising drive, since help will be needed over the long term, and we want to be sure to contribute”, concluded Lynda Coache, Partner in Charge of RCGT’s Saint-Jean-sur-Richelieu office.

Present in every region of Quebec, Raymond Chabot Grant Thornton feels it has a specific duty to act when one such region has been affected and can only do its part to help local residents.

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Information:
Marie-Eve Carignan
Senior Communications Consultant
Raymond Chabot Grant Thornton
Telephone: 514-878-2691, ext. 2388
Email: [email protected]

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16 May 2011

Montréal, May 16, 2011 – The Association des établissements de santé et de services sociaux du Québec convention has come to a close and Raymond Chabot Grant Thornton’s Consulting Group would like to congratulate all of the stakeholders from the various establishments on this quality event.

We are proud to have been associated with the 2011 edition of the convention. One of its key themes was the challenges related to the aging population and the participating establishments’ initiative in presenting innovative and bold projects to deal with these challenges should be acknowledged.

It is clear that these initiatives build on the willingness to bring about profound changes and are aligned with our philosophy of action, where the terms “dare, dream, act and find ways” were put into practice and made it possible to carry out organizational projects for our clients. We would like to extend our heartfelt congratulations to the executives and professionals involved in the network, who demonstrated such drive and creativity.

Raymond Chabot Grant Thornton is well aware that radical changes are needed in Quebec’s health and social services network in order to meet the needs of both those who work in it and those who benefit from its services. ‘‘If it were that simple, it would’ve been done already. We’re ready to help bring about this change. What’s more, our team has made major R&D investments in order to make a series of innovative approaches available that can help managers and teams play an active role in their organizations’ smooth transformation. These approaches are based on client experience management, which helps to ensure that safe and quality healthcare services are delivered at each point of contact”, concluded Marie-Hélène Desrosiers, Partner with Raymond Chabot Grant Thornton’s Consulting Group.

About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton has become one of the international leaders in assurance, taxation, consulting, and recovery and reorganization services. The Firm owes it success to more than 2,000 employees across Canada, including more than 225 partners in over 90 offices in Quebec, eastern Ontario and New Brunswick. For more than 30 years, Raymond Chabot Grant Thornton has been a member of Grant Thornton International Ltd, offering its clientele access to the expertise of member and corresponding firms in over 100 countries.

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Information:

Francis Letendre
Public Relations Consultant
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
Cell.: 514-554-1685
[email protected]
www.rcgt.com

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02 May 2011

Flash…
… Accounting News

On December 15, 2009, the Accounting Standards Board (AcSB) of the Canadian Institute of Chartered Accountants (CICA) published Accounting Standards for Private Enterprises. As of fiscal years beginning on or after January 1, 2011, private enterprises that apply Canadian generally accepted accounting principles (GAAP) currently in effect will have to choose between this new set of accounting standards and those applicable to publicly accountable enterprises, i.e. International Financial Reporting Standards (IFRS). Accounting standards for private enterprises may, however, be early applied.