11 Apr 2019

Nancy Jalbert, Partner, Management Consulting and 4.0 Leader at Raymond Chabot Grant Thornton, joined a group of experts who travelled to Germany for the Hannover Messe to find out about the latest manufacturing sector technology.

Manufacturing businesses around the world are becoming aware of the growing impact of technology shifts on manufacturing processes, the client experience and human resource management. Known as the 4th industrial revolution, this global transformation movement is driving businesses to innovate in order to stay competitive and meet growing requirements in today’s market.

It is in this context that Pierre Fitzgibbon, Economy and Innovation Minister, led a mission to Germany with some 130 participants from ten Quebec regions to enable them to deepen their knowledge on the latest trends in the 4.0 universe.

In association with the Chambre de commerce et d’industrie Nouvelle-Beauce for the de Chaudière-Appalaches region, the mission provided an opportunity for a delegation of Quebec specialists and entrepreneurs to attend Hannover Messe in Germany, the largest industrial technology trade show in the world. This show has over 5,000 highly specialized exhibitors in such fields as robotics, artificial intelligence, virtual reality, predictive maintenance and interconnected solutions. Hannover Messe is the ideal location to get a preview of the latest industrial innovations.

Digital transformation is key to economic growth

Nancy Jalbert said, “Hannover Messe is a very impressive trade show and the quality of the exhibitors is beyond expectations. It’s a gold mine of information. Exhibitors offer visitors a new way of seeing and understanding technology advances. They are pushing the limits of what’s possible and have tangible examples of just how far manufacturing businesses can go these days to optimize their products and services.”

She noted that organizations must get onboard more quickly. It seems that 85% of European businesses have adopted the digital shift in their organizations, compared with only 25% in Quebec. According to Cefrio, barely half of manufacturing organizations know what industry 4.0 is. Managers must take action quickly if they want to ensure their organization’s growth and sustainability.

Nancy Jalbert added, “At Raymond Chabot Grant Thornton, we are already supporting local businesses in their digital shift by conducting 4.0 audits and we have presented a tour with conferences on 4.0 to make Quebec businesses aware of the digital shift, demystify the topic and support them. We know that businesses want to move forward, but it’s not enough. Still, I’m optimistic when I see the diversity of the strategic players in the delegation and the extent of Quebec’s commitment to the digital shift.”

Some managers underestimate the impact of the digital shift in manufacturing, while others are overwhelmed by the scope of the movement and the organizational changes needed.

The support of specialized business consultants can help managers take the first steps towards the change. A personalized, tangible process can determine the organization’s specific needs based on its technological progress and help overcome the major digital shift.

Hanovre délégation Chaudière-Appalaches

Chaudière-Appalaches Delegation. Photo credit: Agence Webdiffusion

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11 Apr 2019

Once again this year, Raymond Chabot Grant Thornton is a partner of the Grands prix de la relève d’affaires of the Regroupement des jeunes chambres de commerce du Québec.

This event celebrates the achievements of its members, young influential, visionary and dynamic entrepreneurs across the province.

Submit your candidacy before May 3, 2019 in one of the 12 categories, particularly for Buyer of the year (Business transfers) sponsored by our firm.

Candidates are evaluated based on their achievements, the relevance of their vision, benefits for their industry, their involvement in the socio-economic development of Quebec, leadership, innovation and contribution to their industry.

Our firm is proud to be collaborating to the success of young, local leaders who, through their professionalism and determination, contribute to the growth of Quebec and success of its organizations.

The Gala will take place on June 14, 2019. See you there!

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03 Apr 2019

Once again, Raymond Chabot Grant Thornton ranks first among the most admired management and accounting firms in Quebec.

The results were revealed in the annual Léger opinion poll on corporate reputations published in Les Affaires, edition of March 23, 2019.

The poll covered 319 Quebec and foreign companies and the firm ranked 88th overall and leads all accounting firms. Additionally, we’ve improved our showing considerably, moving up from 109th last year. In terms of employer brand, Raymond Chabot Grant Thornton ranks 92nd and, once again, leads accounting firms.

Thank you from the bottom of our heart!

Thank you to everyone who has been placing their trust in Raymond Chabot Grant Thornton for over 70 years! Our firm’s rich history as well as its expertise and credibility are at the heart of its outstanding reputation. The ranking reflects the commitment and passion that drive all of the firm’s professionals and partners to serve clients well and guide them in unlocking their full growth potential.

About the opinion poll

Léger has been conducting the annual corporate reputation opinion poll since 1994. The survey covers over 300 businesses in Quebec and Canada, with 15,000 respondents in Quebec and 30,000 in Canada, in 31 activity sectors, making it the most important public opinion poll on reputation in the country.

To view the survey results, read the Les Affaires article (full article and rankings reserved for Les Affaires subscribers).

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02 Apr 2019

With the growth and success of businesses at heart, once again, Raymond Chabot Grant Thornton stated its position in budget proposals to the federal and Quebec governments.

The purpose of these memoranda is to foster wealth creation and give our businesses the means to achieve their ambitions. As a reminder, the recommendations covered four strategic themes to enhance business performance: a fair, incentive-based tax system, entrepreneurial succession, innovation and immigration.

These budget recommendations were sent to various federal and Quebec ministers and elected members as well as numerous key economic and business influencers.

Dedicated to advocating for the business community, the firm issued its comments as soon as the budgets were tabled (federal and Quebec), and informed taxpayers about the announced measures (federal and Quebec tax bulletins). A concerted exercise that, yet again, illustrated Raymond Chabot Grant Thornton’s leading role in the marketplace and its constant focus on providing taxpayers with clear information about the issues that shape their world.

There can be no denying the firm’s place among influencers—its post-budget comments were included with those of the Fédération des chambres de commerce du Québec, the Conseil du patronat du Québec, the Chamber of Commerce of Metropolitan Montréal and the Ordre des comptables professionnels agréés du Québec, among others.

Several experts were involved in producing and broadcasting these strategic documents and some of them also provided their expertise in a number of regional and national media outlets to inform the public about the new economic and tax measures. The budget proposals were highlighted in some thirty interviews with various media across Quebec.

Federal budget, March 19, 2019

Tax Partner, Sylvain Gilbert, who attended the media lockup, participated in a web interview with TVA, and a newscast with Pierre Bruneau. He also presented budget highlights to listeners of 95.7 FM (Saguenay), 95.5 FM (Témiscouata), 101.5 FM (Sainte-Marie-de-Beauce) and 107.7 FM (Sherbrooke) and viewers of L’Essentiel, hosted by Esther Bégin, on CPAC’s Parliament webcast, broadcast across Canada.

Tax Partner, Luc Lacombe, who attended the tax specialist lockup, also participated in numerous interviews: he presented the firm’s expectations and budget proposals on the eve of the budget to Esther Bégin, host of L’Essentiel, on the CPAC’s cross-Canada parliament webcast. He also presented the main tax measures to listeners of Radio-Canada (Québec City), 103.3 FM and 94.7 FM (Mauricie), 99.1 FM (Mauricie) and 103.5 FM (Saint-Georges-de-Beauce).

Olivier Levesque, Senior Tax Consultant, discussed the budget with radio announcers on 99.5 FM (Roberval), 104.5 FM (Alma) and 93.5 FM (Chibougamau) while Sarah Phaneuf, Tax Partner, presented a budget analysis to Radio-Canada (Estrie) listeners.

The firm’s reaction to the budget was quoted in Finance et Investissement and Informe Affaires among others.

Furthermore, the firm’s tax bulletin was published on world-renowned Thompson Reuters Taxnet Pro site.

Quebec Budget on March 21, 2019

Sylvain Gilbert was at the media lockup for the Quebec budget as well and provided analyses to certain media, including Le Journal de Montréal/Le Journal de Québec and TVA nouvelles. He then participated in a number of interviews for listeners of 95.7 FM (Saguenay), 97.5 (Chicoutimi), 95.5 FM (Témiscouata), 99.1 FM (Mauricie), 101.5 FM (Sainte-Marie-de-Beauce) and 107.7 FM (Sherbrooke).

For his part, Luc Lacombe, discussed with reporters from a number of media, including Radio-Canada (Québec City) and FM 103.5 (Saint-Georges-de-Beauce).

Olivier Levesque was invited by 99.5 FM (Roberval), 104.5 FM (Alma) and 93.5 FM (Chibougamau) to share the firm’s opinion on the Quebec budget.

Sarah Phaneuf was the guest analyst on Radio-Canada (Estrie) radio and television.

The firm’s release on the provincial budget was published by specialized media, including Finance et investissement and Conseiller.ca, as well as Thomson Reuters’ Taxnet Pro tax platform.

Lastly, a webinar presented on March 26th by Raymond Chabot Grant Thornton, in association with the Association des professionnels en développement économique du Québec, hosted by Jean-Pierre Poulin, Tax Partner, and Jean-Philippe Brosseau, Economist and Senior Manager, Consulting Services, highlighted a number of measures related to the regional economic development in Quebec.

Representations that Bear Fruit

In recent years, Raymond Chabot Grant Thornton’s advocacy with the governments has helped bring about legislative or policy changes, for example, lower corporate taxes or more flexible tax rules for a more equitable intergenerational business transfer in Quebec.

It’s interesting to note that in this year’s federal budget, the firm’s appeal to improve the federal scientific research and experimental development (SR&ED) tax credit program and for a fairer tax system for agriculture and fishing businesses in Canada was well received.

There is no doubt about the value of these public affairs and media activities for a firm that supports the growth of local companies!