17 Jun 2019

Conseiller.ca posted an article on deducting expenses for self-employed financial services advisors.

Although they can deduct any work-related expenses, “if they are unable to prove that an expense was incurred to earn income, the expense cannot be deducted. This is key,” states Jean-Pierre Poulin, Tax Partner at Raymond Chabot Grant Thornton.

In the article, Poulin discusses eligible expenses vs. personal expenses: kilometres travelled, interest on loans, meal and entertainment expenses, home office, etc.

For more information about these measures, read the article on Conseiller.ca.

Get advice from your tax advisor or financial consultant.

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11 Jun 2019

With the publication of a special report on headhunters, Les Affaires is focussing on human resource issues.

One of these issues is the retention of new employees. The vast majority of headhunting firms offer a guarantee ranging from six months to one year to both client and candidates. “If it doesn’t work out during this period, we take the file back,” explains Louise Martel, Partner, Consulting Services. It is therefore essential to find the right candidate for the right challenges.

With this in mind, human resources professionals are finding that technical skills are becoming less important today. “Less and less time is spent evaluating them, to the benefit of behavioural and relational skills,” says Martel.

This report also includes an article on the integration of artificial intelligence into hiring processes. Our recruiting experts, partners Louise Martel and Jean-François Boudreault, also contributed to this article.

Even if artificial intelligence can be used, e.g. to perform an automated CV pre-analysis, Jean-François Boudreault says that “our profession is a craft; the emotional aspect remains very important. There are things that are experienced in interviews that cannot be described on paper. This is what our role is all about.”

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03 Jun 2019

For many entrepreneurs, building a business from scratch might seem more glamourous, trying to be the next Steve Jobs, rather than taking over an existing business.

But takeovers do have their advantages: employees already in place, established procurement chain, etc. Existing businesses are a springboard to success, the conquest of new markets and modernization, with robotics and the positive effects of the digital shift

Entrepreneurs need to call on their creativity and innovation just as much during a takeover as when they create their own business

Quoted in the Ordre de Ingénieurs du Québec’s Plan magazine, Éric Dufour, Vice-President and National Entrepreneurial Succession Leader, reminds readres of the importance of properly planning a business succession in order to mitigate the financial risks related to a business transfer:

“Having an accounting approach is not enough; a comprehensive business valuation should be carried out. This means a diversified team including an industrial psychologist, a human resource specialist and a management specialist.”

Read the article here (in French).

 

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03 Jun 2019

AURAY Sourcing: A Turnkey Solution for Quebec Businesses to Address the Workforce Shortage Challenges

MONTRÉAL, June 3, 2019AURAY Sourcing, a Raymond Chabot Grant Thornton subsidiary specializing in international recruiting and mobility is offering a new foreign worker recruiting service for Quebec enterprises to help them deal with the workforce shortage issue.

This turnkey service covers all the steps involved in the arrival of immigrant workers: recruiting specialized candidates from around the world and for all industries, selecting candidates based on specified criteria and supporting the selected candidates and businesses during the immigration process, up to and including meeting the temporary workers on arrival and helping them integrate within their professional and social environment. Integration has proven to be the key success factor for immigration and development in Quebec.

AURAY Sourcing President, Marc Audet, said: “Local businesses having difficulty filling vacant positions need to find creative solutions to this problem. The labour issue continues to be a challenge for Quebec SMEs. The war for talent cannot be limited to the regional level since potential employees often come from the same pool and this remains the preferred option for employers. One possible option is to recruit specialized talent outside the country and use temporary immigration to fill key positions. With more than 100,000 jobs to be filled in Quebec alone, growth is being hampered.”

The strength of an international network and unparalleled expertise

The AURAY Sourcing team leverages the expertise and experience of AURAY Capital, the Quebec leader in supporting immigrant investors for 25 years. With more than 25,000 immigration projects to its credit, the expanded team of these two Raymond Chabot Grant Thornton subsidiaries has all the necessary skills to successfully carry out international recruiting initiatives for local businesses.

AURAY Sourcing benefits from an unmatched global network of recruitment partners, a bank of prequalified candidates, as well as a solid understanding of Quebec businesses based on the support of Raymond Chabot Grant Thornton and the countries where it recruits foreign workers.

Hiring foreign resources may seem to be a complex, costly process. However, with the collaboration of experts in the field, it can prove to be a successful solution for business leaders who see it as an investment. This innovative turnkey service is designed to meet the immediate and long-term needs of SMEs in various industries, such as manufacturing, tourism, technology and healthcare.

Canada is an extraordinary host country with an exceptional advantage that can be leveraged to attract foreign talent. AURAY Sourcing has contacts in more than 100 countries and is the only firm in the market with such a comprehensive service offering. It has the ability to work with organizations from start to finish during the recruiting process, as well as being able to provide proximity and the resources and expertise of a major firm to its clients.

A 360o human resources service offering for local businesses

Emilio B. Imbriglio, President and CEO concludes: “With AURAY Sourcing, Quebec employers can now count on Raymond Chabot Grant Thornton to support them through all of the talent recruiting process, whether here or abroad. In a labour shortage context, our integrated recruitment and human resources and management consulting services will make it easier for business leaders by supporting them in all areas from search to recruitment and integration of local or foreign talent.”

About Auray Sourcing

AURAY Sourcing helps Quebec businesses address labour shortage issues with a comprehensive recruiting, talent acquisition, international mobility and integration service offering. AURAY Sourcing is a subsidiary of Raymond Chabot Grant Thornton.

With its team of experts having an average of 25 years of experience in international recruiting and mobility, a global network of immigration consultants and the Grant Thornton global organization present in 135 countries, AURAY Sourcing is able to meet the needs of businesses searching for qualified resources and foreign candidates looking for employment.

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, helps 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 2,600 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 135 countries with over 53,000 people who provide real insight, a fresh perspective and agility to keep clients moving ahead.

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Information:

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

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