27 Nov 2020

The results for the 2020 CFE for chartered professional accountants were released on Tuesday, November 27, 2020.

Congratulations to our future CPAs on having passed this rigorous professional evaluation:

Bélanger, Myriam
Benzid, Fetta
Bernier, William
Bérubé, Pierre-Luc
Bibeau, Mathieu
Boisvert, David
Boutin, Any-Claude
Breton, Rosalie
Chalifour, Heidi
Côté-Dumais, Jeanne
Couture, Charles-Olivier
Custeau, Patricia
Danis, Meghan
Dejulliot Virginie
Desjardins, Carl
D’Onofrio, Alessandra
Dorval, Jérôme
Dufresne, Simon
Dugas, Sébastien
Duval, Florence
Fahmoune, Kenza
Farhood, Myriam
Fiset, Émilie
Fronteddu, Laurent
Gagnon Bouchard, Antoine
Gaudreau, Jean-Christophe
Génier, Claudia
Gravel, Kim
Guévin, Frédéric
Hébert, François
Joly, Mélanie
Juneau, Anthony
Kaur, Saran
Lachance, Élise

Lacharité, Audrey
Landry, Samuel
Latrach, Hanaa
Lefebvre, Thomas
Lemire, Vincent
Lépine, Nathalie
Lessard, Félicia
Limoges, Yanik
Louis Seize, Chloé
Mailhot, Pierre-Alexandre
Mailloux, Louis-Philippe
Mailloux, Marjorie
Mailloux, Sandrine
Morissette, Mélanie
Nadeau, Sophie
Nkaye, Antoine
O’Shaughnessy, Rose
Perron, Cynthia
Plamondon, Audrey
Poirier, Benoit
Poirier, Samuel
Poulin, Dannick
Prémont, Antoine
Richer, Danick
Rousseau, Jonathan
Roy-Lemay, Jonathan
Russo, Kayla
Sanche-Mayer, Rose
Sardella, Danny
St-Laurent, Karol-Anne
Thibault, Charles
Thiboutot, Caroline
Trudel, Martin
Vlassopoulos, Vlassis

Congratulations to all and enjoy a prosperous career at Raymond Chabot Grant Thornton! We are very proud of having you on board with us.

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20 Nov 2020

Updated July 16, 2021

The Canada Emergency Rent Subsidy (CERS) is a program similar to the one offered under the Canada Emergency Wage Subsidy (CEWS).

It allows eligible entities that have experienced a drop in revenue to receive assistance with respect to expenses incurred in connection with leasing or owning property in connection with their activities.

This subsidy took effect as of September 27, 2020 and it will be offered until September 25, 2021, that is, four additional periods after June 5, 2021.

The base portion will cover up to 65% of eligible expenses until July 3, 2021. This rate will be gradually phased out starting on July 4, 2021. Additional assistance of 25% is offered until the end of the program, to lessees who had to temporarily cease their activities in a given location, due to public health restrictions.

Eligible entities can apply for the CERS or modify a previous claim no later than 180 days following the end of the qualifying period. They must make every effort to submit or change a claim before the applicable deadline, but in some circumstances, the CRA may authorize a late (initial or changed) claim.

The deadline to claim the CERS for Period 5 (January 17 to February 13, 2021) is August 12, 2021.

An authorization request to file a late CERS claim (new or modified) must be submitted to the CRA no more than 30 days after the end of the applicable deadline for the application period.

Our experts are trained to assist you in the analysis of the eligibility criteria for the CERS and for the preparation of your application. They will be able to help you make informed choices, particularly as to the methods for calculating the revenue reduction test. With their advice, you can maximize the amounts claimed while limiting your risk of dispute in this regard. Don’t hesitate to contact your advisor to discuss it.

To learn more regarding this subsidy, please read our tax news, which is regularly updated.

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11 Nov 2020

Raymond Chabot Grant Thornton – always a proud partner of the Fédération des chambres de commerce du Québec’s (FCCQ) prestigious Mercuriades contest.

With its focus on the growth of local businesses, Raymond Chabot Grant Thornton continues its involvement by presenting the Mercure Entrepreneuriat Raymond Chabot Grant Thornton This award is presented to two organizations, one SME and one large company, for implementing a winning growth strategy, developing a succession plan or achieving a successful intergenerational transfer.

The FCCQ has been celebrating the success of exceptional organizations and leaders for 41 years, and Raymond Chabot Grant Thornton is very pleased to confirm its commitment to recognizing Quebec’s entrepreneurial talent.

SMEs and large corporations that want to submit their candidacy in one of the 16 categories, including the Mercure Entrepreneuriat, can do so until December 18, 2020 (free registration). Submit your application on the FCCQ’s Mercuriades 2021 web site.

Good luck to all businesses!

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27 Oct 2020

Cybersecurity Month: VARS urges SMEs to strengthen their information security

“Investing in information security is no longer optional. It has become essential for keeping businesses competitive and ensuring their long-term viability.”

– Guillaume Caron, President and CEO, VARS

Montreal, October 27, 2020 – VARS, a division of Raymond Chabot Grant Thornton, is capitalizing on Cybersecurity Awareness Month to urge businesses to step up their security with sophisticated solutions that are tailored to their needs.

According to VMware, 99% of Canadian companies have reported an increase in cyber attacks over the past 12 months and the trend is unlikely to subside, especially now that businesses have shifted their activities online1. Businesses need to update their strategies to ensure protection of their data and systems.

“Cybersecurity isn’t optional. It’s a necessary investment that all businesses, particularly small and medium-sized enterprises, should make urgently2,” said Guillaume Caron, President and CEO at VARS.

Reducing risk

The pandemic has catapulted telework to the fore and work-from-home arrangements are here to stay. The use of personal devices and unsecured computers, even for temporary periods, can leave the door wide open for hackers. With the sharp rise in phishing scams and ransomware attacks, growing volumes of accesses to manage, and employees increasingly exchanging sensitive information electronically without proper security controls in place, risks are running high for small and medium-sized enterprises (SMEs).

Consumer confidence hinges on security

Strong business relationships have always been based on trust and information security has become an important part of the equation. Organizations that uphold industry best practices and align with international information security standards—such as those set out by ISO, the National Institute of Standards and Technology and the Center for Internet Security—have a competitive advantage over businesses that don’t. Moreover, major corporations and government agencies are continually raising the bar for their third-party suppliers, most often small and mid-size businesses, forcing them to meet increasingly stringent security requirements in order to protect their own information security systems.

VARS innovations: Monitoring and detection at all levels and vCISOs

Traditional security solutions like anti-virus and firewalls are important but they aren’t enough to protect organizations against new and evolving threats. SMEs needs to be proactive and have full-time visibility of their networks and systems, including their emails, in order to detect threats. According to a recent IBM report, companies take an average of 207 days to identify data breaches3. This gives hackers plenty of time to plan and execute malicious activities, such as ransomware attacks. VARS offers advanced security solutions, including tools that can detect abnormal and malicious activities across an organization’s systems, data and network.

Hackers scour the dark web to find information such as login credentials and other data on organizations, employees and third parties. Many organizations are unaware that some of their information has been compromised and can be found on the dark web.

“In 2020, VARS dark web scans showed that an average of up to 30% of SME credentials are compromised or available for purchase on the web,” explained Guillaume Caron.

The VARS Virtual CISO Office gives organizations the power to leverage the expertise of a chief information security officer (CISO) without having to search for one or pay for a full-time resource, which can be particularly challenging given today’s skilled labour shortage. Having a full-time CISO could cost SMEs over $250,000 per year.

“VARS can assign a CISO to SMEs, which often don’t need a full-time expert on staff, giving them immediate availability at a fraction of the cost. We can help organizations with specific projects or work with them to develop and manage a complete information security program. In today’s world, any company that wants to remain innovative and competitive needs to embrace the digital shift by embedding security into business processes,” concluded Guillaume Caron.

1According to the August 2020 VMWare survey.
2According to a Canadian Internet Registration Authority (CIRA) survey released in October 2020, “Only 43% anticipate more financial resources devoted to cybersecurity in the next 12 months, down from 54% that expected an increase last year.”
32020 IBM report about the cost of data breaches, covered in Digitalguardian.

About Raymond Chabot Grant Thornton

Raymond Chabot Grant Thornton is a professional services firm dedicated to the success of organizations and their leaders since 1948. The firm’s advisors are committed to helping clients thrive by obtaining a deep understanding of what is important to them, their business and their industry. This knowledge, combined with a team of motivated and talented professionals help accelerate growth. A Quebec and Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization, Raymond Chabot Grant Thornton boasts more than 2,800 professionals, including approximately 200 partners, working in over 100 offices across the province of Quebec and in the Ottawa and Edmundston regions.

Together with Grant Thornton LLP, another Canadian firm, and the Grant Thornton global organization, our global footprint spans across more than 140 countries with over 56,000 people who provide real insight, a fresh perspective and agility to keep clients moving ahead.

Information:

Francis Letendre
Head – Public Affairs
Raymond Chabot Grant Thornton
Tel: 514-390-4201
Email: [email protected]