16 Jul 2020

Raymond Chabot Grant Thornton is committed to ensure the health and safety of its community. The firm has therefore implemented preventive measures to minimize the risk of COVID-19 spread. We are following the recommendations made by our governments’ health and safety authorities, in order to protect our clients and employees.

Looking after your needs is our top priority. With this in mind, we want to assure you that we have implemented all the necessary measures to continue to serve our clients at the highest level.

We want to remind you that effective July 18, 2020, and as required by the Quebec government, it will be mandatory to wear a mask or face covering in all indoor public spaces, including services companies and private professional firms.

We therefore ask for your cooperation at all times when you visit our buildings. Masks will be available at the entrance.

Please make sure to respect the two-metre physical distancing rule whenever possible. Sanitary and hygiene measures also remain in effect. You can learn more about the measures by visiting the Quebec government website.

If you cannot wear a mask or face covering, please contact us and we will be happy to arrange a virtual meeting with one of our experts.

The following are the other measures we have put in place to better serve you.

Meetings

  • While we prefer to meet you in person, the current situation forces us to restrict our gatherings. That said, we will customize our approach according to your needs.
  • Please know that currently, we prefer to have telephone meetings and videoconferences.
  • We will continue our operations and meetings with our clients while limiting the number of gatherings.
  • Of course, we will continue to greet you with a smile, but as advised, we will avoid handshakes.
  • We want to assure you that thanks to our robust and highly secure IT structure, our service teams will be available to assist you with your business needs.
  • To assist you, please know that you can pay your bills online through e-transfer or through your banking institution’s website.

Important information for clients during tax season

The tax season is an important time when numerous documents are exchanged. In our ongoing effort to implement preventive measures, we ask that you email the documents required for filing your income tax returns.

If you do not have email, we have placed boxes to deposit your documents in the reception area of all our Raymond Chabot Grant Thornton offices.

Please note the following:

  • It is important to indicate your Raymond Chabot Grant Thornton contact on the envelope.
  • Your documents will be forwarded to your Raymond Chabot Grant Thornton contact within 24 hours.

Once your tax returns have been finalized, they will be emailed or mailed, as per your request. You will then be informed on the procedures to follow in order to sign the documents, which can be done electronically. You will receive an acceptance confirmation email for the documents to be sent to the different governments.

Important notice: The federal and provincial governments announced new flexibility measures for individuals and businesses.

Sharing of Documents

In preparing your financial statements, as well as for any other need, we are recommending that you send us your documents securely and confidentially through ClientAccess. To learn more, please contact your partner in charge.

Conferences and other events

Conferences, networking and other scheduled events have been postponed. We are following the authorities’ recommendations in this regard and are monitoring the situation very closely. Once resolved, we will be sure to notify you. In the meantime, for your information, several insights and webinars are available.

Recommended preventive measures for our clients

Implementing basic measures and having a contingency plan at the ready will ensure your employees’ health and safety, as well as reduce the impact on your long-term productivity. Please contact our advisors to assist you with your planning.

Useful resources

In closing, please find a few useful resources on COVID-19 to help dispel any myths about the situation, and to provide you with preventive measures.

Gouvernement du Québec – Coronavirus disease (COVID-19)

Government of Canada – FAQs

Although the situation is fast evolving, our commitment remains strong. We have been supporting our clients for more than 70 years and share a business relationship with you that is dear to our heart.

All our professionals are available to assist you with any of your business needs.

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15 Jul 2020

Administered by Investissement Québec, the PME en action government program supports businesses with their development.

If your business and project qualify, you could benefit from the services of our management consulting experts with a portion of the fees subsidized by this program.

The PME en action program is a two-part program:

  1. Support in carrying out investment projects (feasibility studies);
  2. SME productivity support.

It is intended for for-profit businesses, cooperatives and social economy enterprises with marketing activities in sectors such as manufacturing, environmental services, creative and industrial design services, industrial laboratories and scientific services, private research services and value-added distribution centres.

1. Support in carrying out investment projects (feasibility studies)

In connection with the support in carrying out investment projects component, eligible enterprises may receive a non-refundable contribution of up to 40% of project expenses, to a maximum of $100,000 per project (however, the maximum is $250,000 per project for equipment manufacturers and aluminum sector processors).

Eligible projects relate to feasibility studies aimed at increasing SMEs’ competitiveness and productivity, creating jobs and contributing to sustainable development. They could be:

  • Market analyses;
  • Process or technology assessments and user rights;
  • Site selection analyses;
  • Analyses related to regulatory and legal frameworks.

Eligible expenses include fees for services provided by external consulting firms and certain costs related to the purchase of specialized information for the project.

For more information on this program component, visit the Investissement Québec website.

2. SME productivity support

In connection with the SME productivity support component, eligible enterprises will be eligible to receive a non-refundable contribution of up to 40% of eligible project expenses to a maximum of $50,000 per project.

Eligible projects must serve to implement actions in accordance with the action plan agreed upon between the entity and the Ministère, and business practices that lead to significant productivity gains. These projects are intended to increase the productivity of Quebec SMEs, enhance competitiveness and accelerate business growth, and include:

  • supply chain optimization;
  • implementation of an enterprise resource planning (ERP) or customer relationship management (CRM) system;
  • enhancement of standard compliance to achieve world-class production standards;
  • implementation of a costing system.

Eligible expenses include fees for services provided by external consulting firms and certain costs related to the purchase of specialized information for the project.

For more information on this program component, visit the Investissement Québec website.

To make a request, the entity must contact its regional Investissement Québec consultant.

Contact our experts to guide your strategy in line with your clients’ needs and market trends.

Our teams include more than 175 experienced consultants located in all regions of Quebec specializing in a vast array of services and industries who are ready to support you at every stage of your business development.

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14 Jul 2020

Optimizing your company’s finances requires efficient cash management. Technological solutions can make your life easier.

In these unprecedented economic times, now more than ever you need to manage your company’s finances diligently and efficiently. As a business leader and manager, you need to provide your teams, customers and suppliers with solutions and prospects for future growth.

Our experts can help you adapt to this situation now, review your cash processes and advise you on adopting best practices in the short and long term.

Our specialized cash management team, consisting of former treasurers, experienced consultants and technical experts, offers both consulting and implementation services for cash and payment management technology and cloud computing solutions.

Our firm’s association with Kyriba allows us to modernize and optimize cash management functionalities.

Cash performance management platform

Kyriba is the global leader in cloud treasury and finance solutions, supporting more than 80,000 users in nearly 100 countries.

This highly secure software-as-a-service (SaaS) platform is a scalable, innovative system that provides superior connectivity with all partners (internal ERP systems, banks, suppliers, etc.).

Kyriba provides a range of comprehensive solutions covering a broad functional scope to guide companies facing today’s financial challenges such as:

  • security;
  • cashflow projections;
  • liquidity needs;
  • foreign exchange risk;
  • payment process centralization;
  • bank cost control.

Offering reliable and accurate results, Kyriba supports strategic decision-making and is a strong added value for the company.

Our firm was awarded the Channel Partner of the Year at the 2020 Kyriba Live Conference in Las Vegas.

Kyriba Solutions and Raymond Chabot Grant Thornton

TaaS:

The Treasury-as-a-Service (TaaS) department’s mission is to provide all organizations (SMEs) with both state-of-the-art systems (bank statement integration, interaction with ERPs, bank reconciliation…) and the services of our experts to create and implement these solutions, with the sole purpose of simplifying and optimizing your company’s cash and payment management.

Kyriba – Essential:

Kyriba Essential provides an initial approach to TMS Kyriba. The customer has a unique database with features focused on cash management, forecasts and payments. This offer is powered by our treasury experts and is aimed primarily at companies with less than US$500M in sales.

Kyriba – Complete license:

Access to Kyriba’s complete platform, with over thirty special modules in six categories.

Any questions? Contact us

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07 Jul 2020

A measure allows TFW who have lost their jobs due to COVID-19 to obtain an authorization to work for a new employer quickly.

It might seem contradictory, but even if the pandemic that has been hitting Quebec for several weeks has caused a meteoric rise in the unemployment rate, some companies are still facing a labour shortage situation. What do you do when local workers are not answering the call and closed borders are preventing access to workers from abroad?

The key to the solution lies in a new government announcement to help temporary foreign workers (TFW). Since May 12, 2020, a new measure allows TFW who have lost their jobs due to COVID-19 to obtain authorization to work for a new employer in 10 days or less. A process that, until recently, used to take several months, can now be completed in less than two weeks.

How can this situation help employers lacking skilled workers?

Like many of us, the pandemic forced numerous TFW into unemployment. In most cases, due to closed borders, these workers cannot return home. So, there is a pool of skilled TFW already in Quebec who are ready to work.

This reality, together with the new government policy, means that your company could save time and money by hiring TFW who already have the qualifications you’re looking for in addition to local experience. As long as you have a valid Labour Market Impact Assessment (LMIA), you will be able to hire TFW already in Quebec and integrate them into your business within days.

What are your needs?

  • For medium-term needs: international recruiting remains an excellent option to offset the lack of skilled labour.
  • If you have more urgent needs: the new measure announced by the government is a golden opportunity to hire workers quickly.

For more tips on how to proceed, it’s always advisable to consult an international recruiting expert.