10 Dec 2012

Congratulations to the Raymond Chabot Grant Thornton team, headed by Michel Lefebvre, Tax Partner, Montréal office, for having been retained by the group of enterprises involved in developing e-business to conduct a study on the economic impact of government assistance in the information technology sector, more specifically to continue/improve upon the tax credit for the development of e-business (CDAE) program.

Numerous IT businesses have been benefitting from this type of government assistance, which, among other things, helps create jobs and increase the competitiveness of our Quebec businesses in the market. Concerned by the federal Minister of Finance’s decision to cut scientific research and experimental development (SR&ED) tax credits in March 2012, these businesses would like the provincial government to extend the CDAE now, as it expires on December 31, 2015.

This initiative was reported in various media outlets such as Le Devoir, Les Affaires.com , MSN Technologies  and 98.5 FM.

If you would like to be part of this group, contact Michel Lefebvre at 514-393-4717 for more information.

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07 Dec 2012

Emilio ImbriglioOn November 30, 2012, during the strategy forum on the city’s competitiveness and the creation of a competitive business environment in Montréal, Emilio Imbriglio, Leader of the Corporate Finance Group in the Montréal office and the Firm’s Chairman of the Board, was invited to participate in a panel about the effects and spinoffs of headquarters located in Montréal from the perspective of service enterprises.

Alongside Andrew Molson, Chairman of the Board of RES PUBLICA, Éric Bédard, Managing Partner at Fasken Martineau, and Martin Gauthier, President of Sid Lee Montréal, Emilio recalled Raymond Chabot Grant Thornton’s commitment to the city, as its headquarters are located here and the Firm collaborates extensively with Montréal-based service enterprises.

Emilio also pointed out actions that should be taken to improve the competitiveness of the local business environment.

It’s important to keep in mind that we are competing with other provinces and countries to attract headquarters, so it’s necessary to be recognized as a quality host location. Transparency and political stability are important in terms of a country’s attractiveness vis-à-vis international competition […]. We must provide a favourable environment that will sustain the continuity of businesses while maintaining local control. Our Firm has already asked the governments of Quebec and Canada to amend a tax provision in support of domestic business sustainability. It should be understood that, currently, it’s more beneficial tax-wise, to sell one’s business to unrelated parties than to family members. Changes are necessary […].Political, legal, fiscal and banking stability are key to attracting headquarters. Quebec should bank on fiscal competitiveness as a motivator for entities to set up their headquarters and stay here. This requires a favourable and competitive business environment. Quebec would benefit from being perceived as the Switzerland of North America”, remarked Emilio.

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04 Dec 2012

Bernard GrandmontCongratulations to Bernard Grandmont, Brossard Partner, who is serving as one of the two honorary co-chairs of the Orchestre symphonique de Longueuil’s (OSDL) major fundraising campaign, alongside Robert Dutton former president and CEO of Rona, longstanding Firm client.

The second annual fundraising campaign, with “Music First and Foremost” (De la musique avant toute chose) as its theme, is part is part of a five-year (2011-2015) objective to raise $4.5M overall.

Founded in 2005, the role of the OSDL Foundation is to support the OSDL’s work and help solidify its sustainability and standing in the community. The funds raised will be used for the OSDL’s main initiatives, such as welcoming high-quality guest soloists, increasing the number of concerts, continuing to build on its youth series, pursuing the OSDL’s participation in the Mécénat Placements Culture program and participating in Longueuil’s new concert hall project.

The press conference organized in October to launch the OSDL’s fundraising campaign elicited strong interest from the area’s media outlets, as you can see in the various articles (in French) published about the campaign:

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30 Nov 2012

Grant Thornton Raymond Chabot’s Infrastructure team is making great strides and gaining international attention. Our Montreal Partner, was recently interviewed about our Firm’s public-private partnership (PPP) expertise by Puerto Rico’s Caribbean Business. Based on our team’s experience and reputation, we have become a sought-after international player with the skills to support various Grant Thornton office members in carrying out PPP projects.