15 Oct 2018
Louis Roy
Partner | CPA, CA | Digital and technology consulting

Should people invest in virtual currencies such as bitcoins? While experts may have differing opinions, they do agree that caution is essential.

Additionally, for many people, the biggest draw with cryptocurrencies is not their monetary value so much as the underlying technology—blockchain—that allows these currencies to function like a digital currency.

Every bitcoin transaction worldwide is recorded in a public database. The technology can be applied in a wide range of fields and according to Louis Roy, Raymond Chabot Grant Thornton Blockchain Leader, “is particularly interesting in terms of revenue traceability.” He added, “In a supply chain, several businesses can share a decentralized ledger rather than having their own. The blockchain reinforces IT security and reduces administrative costs.” Other promising fields where blockchain could be applied are finance and copyright management.

To find out more, read the article published in the November edition of the Protégez-vous magazine (paid content).

15 Oct 2018  |  Written by :

Louis Roy is a partner at Raymond Chabot Grant Thornton. He is your expert in assurance for the...

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15 Oct 2018
Louis Roy
Partner | CPA, CA | Digital and technology consulting

MercuriadesRaymond Chabot Grant Thornton is very pleased to be a partner once again this year of the Fédération des chambres de commerce du Québec’s prestigious 2019 Mercuriades contest.

Our firm will again be presenting the Mercure Entrepreneuriat Raymond Chabot Grant Thornton. This prize recognizes a business that has implemented a winning growth strategy, developed an efficient succession plan, or successfully completed an intergenerational business owner transfer. SMEs and large enterprises may submit an application.

To learn more about the different categories, including the Mercure Entrepreneuriat, click here.

Submit your application (free registration) before December 19, 2018 on the FCCQ’s Mercuriades website (available in French only).

15 Oct 2018  |  Written by :

Louis Roy is a partner at Raymond Chabot Grant Thornton. He is your expert in assurance for the...

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12 Oct 2018
Louis Roy
Partner | CPA, CA | Digital and technology consulting

Many Quebecers dream of spending some of their retirement in Florida. To prevent this dream from turning into a nightmare, you need to know what to expect tax-wise, especially if you acquired some property there.

Your first step is to consult a U.S. tax specialist.

Mylène Tétreault, Senior Manager, U.S. Tax, reiterates the importance of having a clear understanding of the U.S. resident tax principle. Established at 183 days over three years, this principle follows the following cumulative calculation rule: 100% of the days for the current year; the number of days multiplied by a one-third for the previous year; and the number of days multiplied by a sixth for the prior year.

For more information on the tax issues relating to owning property in the United States, read the article published in Magazine Prestige on September 28, 2018.

If you’d still like to go ahead and purchase a property in the U.S., call on the services of our tax specialists who are well versed in the tax laws applicable to the United States and abroad!

15 Oct 2018  |  Written by :

Louis Roy is a partner at Raymond Chabot Grant Thornton. He is your expert in assurance for the...

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10 Oct 2018
Louis Roy
Partner | CPA, CA | Digital and technology consulting

On September 24, 2018, Raymond Chabot Grant Thornton published an innovative study on family taxation.

The study showed that in more than 70% of the situations studied, the tax rules are not neutral depending on a family’s social profile and economic class, and the couple’s legal status. As a result, several Canadian families are forced to make choices based on tax and not on their own needs.

The breaches of neutrality identified by the study which result from the application of several current tax rules also change the behaviour of numerous families, influence family choices and for many, are not beneficial.

Raymond Chabot Grant Thornton is calling on both federal and provincial members of government to undertake an in-depth review of family tax regulations so that the rules may reflect the dynamic of today’s families.

The study has been shared by several media sources and will continue to be part of the firm’s discussion topics. Watch the interview between Luc Lacombe and Mario Dumont on LCN below.

Read also these articles citing the study: Les Affaires; Conseiller.ca; Journal de Montréal et Journal de Québec; Finance et Investissement; Advisor.ca.

15 Oct 2018  |  Written by :

Louis Roy is a partner at Raymond Chabot Grant Thornton. He is your expert in assurance for the...

See the profile