27 Oct 2016
Emilio B. Imbriglio
President and Chief Executive Officer | FCPA, FCA, MBA, CFE, ICD.D.

On October 12, 2016, the President and CEO of Raymond Chabot Grant Thornton, Emilio B. Imbriglio, capitalized on his time at the Société de développement économique de Drummondville’s forum to speak about tax issues, entrepreneurship and innovation before an audience of 200 business people.

Under the theme Oser: pour un Québec plus compétitif (Dare to make Quebec more competitive), Emilio shared the firm’s ideas for making Quebec businesses more competitive and by extension, the province more prosperous.

According to Emilio, “The current challenge is daring to offer a more competitive tax framework and innovative and profitable economic measures to stimulate the development of dynamic local organizations. Quebec is chock full of talent and has all of the resources it needs to flourish. We need to give our wealth-generating businesses more ways to achieve their full growth potential.”

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President and CEO of Raymond Chabot Grant Thornton, Emilio B. Imbriglio, flanked by regional leaders during the luncheon conference. From left to right: Daniel Dubois, Vice-President of Canimex, Roger Dubois, President of Canimex, Emilio B. Imbriglio, Alexandre Cusson, Mayor of Drummondville and President of the Société de développement économique, and Guy Fauteux, Regional Vice-President of Raymond Chabot Grant Thornton.

Economy-boosting Ideas

Here are some of the measures discussed by Emilio, which have been the firm’s public position for several years:

  • Abolishing the business tax for SMEs on the first $500,000 of earnings, provided that equivalent amounts are invested in production, employment and innovation. The investments would be subject to an accelerated capital cost allowance and could possibly be enhanced during the same year.
  • Setting up a fund to assist businesses so they can call upon external professionals to support them in their transfer process and in developing a succession plan.
  • Applying tax equity regarding business transfers to companies in all of Quebec and Canada’s economic sectors. The federal government needs to act quickly in this respect.
  • Creating an ecosystem that is favourable to the public listing of our wealth-creating businesses to boost entrepreneurship and business growth. (Measures related to the June 15, 2016 public report by the expert group formed by Claude Désy, lawyer at Dunton Rainville.)
  • Introducing an innovation tax credit to help SMEs increase their technological investments and spur their growth.
  • Raising consumer awareness about savings and credit, through TV and radio ads, for example. (The Minister of Education, Sébastien Proulx is working on a mandatory financial and economic education course for September 2017. The firm asked that an economic education course be brought back to the secondary school curriculum. Raymond Chabot Grant Thornton applauds this initiative.)

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Emilio also took advantage of his time in the heart of Quebec to visit two dynamic companies that are the pride of Drummondville—Canimex and Valmétal.

Congratulations to the entire Raymond Chabot Grant Thornton Drummondville team and the Société de développement de Drummondville for contributing to the success of this enriching business event!

27 Oct 2016  |  Written by :

Mr. Imbriglio is partner and the President & CEO of Raymond Chabot Grant Thornton. He is in charge...

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25 Oct 2016
Emilio B. Imbriglio
President and Chief Executive Officer | FCPA, FCA, MBA, CFE, ICD.D.

Éric Dufour, the Regional Vice-President and National Leader, Business Transfers, at Raymond Chabot Grant Thornton, participated in an in-depth interview on Radio-Canada on business transfer issues. As numerous entrepreneurs are retiring, they need information and help to carry out efficient and structured business transfers. A well-planned strategic transfer process should be established to ensure the longevity of wealth-creating businesses.

Éric comments on this major issue affecting entrepreneurs. Listen to the radio interview (in French) (October 23, 2016) on Désautels le dimanche or read the online article (in French) on this topic.

The firm maintains its claims

Raymond Chabot Grant Thornton considers that federal and Quebec governments should adopt further measures for ensuring successful business transfers in Quebec and Canada. The tax policies relating to business transfers should be harmonized among the governments and tax fairness should apply to all businesses from all industries.

Read the firm’s reaction again concerning the tabling of the 2016 federal and Quebec budgets, as well as the letter sent to the Prime Minister of Canada, the Right Honourable Justin Trudeau, in July 2016, about tax equity on intergenerational business transfers.

 

27 Oct 2016  |  Written by :

Mr. Imbriglio is partner and the President & CEO of Raymond Chabot Grant Thornton. He is in charge...

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24 Oct 2016
Emilio B. Imbriglio
President and Chief Executive Officer | FCPA, FCA, MBA, CFE, ICD.D.

Transfert-entreprise-imagerie-445pxToday, Raymond Chabot Grant Thornton is proud to launch a diagnosis tool that business owners can use to get an overview of their current business transfer situation.

Available online, cell or tablet, the tool includes a series of questions to address the main issues of a business transfer, such as the owner’s intentions, succession, business value, transfer financing and underlying tax considerations.

“We’ve always considered succession a major issue for Quebec’s economy and since 2003, we’ve been working in the field, helping business owners plan,” states Éric Dufour, Partner, Regional Vice-President and National Business Transfer Leader. He continues, “It’s based on this expertise and our proximity to the market that we were able to create the diagnosis tool that we’re launching today. We want to provide business owners with a tangible tool that will help them begin strategizing methods to implement a succession plan.”

It takes anywhere from two to eight years to plan a business transfer, and only 9% of business owners have a formal written plan. The diagnosis is the first step in the right direction. Once the questionnaire is completed, the user will receive a diagnosis by email providing details about the business’s strengths and weaknesses, and recommendations for each of the areas analyzed.

The tool is available online now at: http://business-transfer.rcgt.com/.

27 Oct 2016  |  Written by :

Mr. Imbriglio is partner and the President & CEO of Raymond Chabot Grant Thornton. He is in charge...

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12 Oct 2016
Emilio B. Imbriglio
President and Chief Executive Officer | FCPA, FCA, MBA, CFE, ICD.D.

SAINT-GEORGES, October 12, 2016 – In connection with the series of 50th anniversary festivities marking Raymond Chabot Grant Thornton’s presence in Beauce, the Saint-Georges office thanked the business community for its trust over the past decades during a celebratory cocktail event held on Thursday, October 6th.


Rémi Fortin, Partner in charge of the Beauce offices, Emilio B. Imbriglio, President and CEO, Richard Couët, Mayor of Saint-Prosper, Paul Busque, MP of Beauce Sud, Claude Morin, Mayor of Saint-Georges, Mario Morin, Regional Vice-President, and Raymond Poulin, Partner

Over 200 clients and business partners were on hand for the event, including the MP of Beauce Sud, Paul Busque, the Mayor of the Town of Saint-Georges, Claude Morin, the Mayor of the Municipality of Saint-Prosper, Richard Couët, and President and CEO of Raymond Chabot Grant Thornton, Emilio B. Imbriglio. This was the fifth and last in a series of activities to thank clients in each area where the firm is located in Beauce.

“The firm’s strong presence in Quebec’s regions, especially in a dynamic area such as Beauce, is thanks to our invaluable clients and partners. They are our guiding purpose and, together with all of my colleagues, they leverage their expertise and professionalism each day to benefit the communities and their stakeholders. We’re very proud to have been able to support the people of Beauce in their success for the past 50 years and we look forward to being a partner of choice in their success for many years to come,” stated Regional Vice-President, Mario Morin.

“We’re grateful that over 800 people were on hand to celebrate our 50th anniversary this year. Since the very beginning, Raymond Chabot Grant Thornton has been encouraging and supporting Beauce business owners in their growth. That’s why it was important for us to look back over these years of history and celebrate how far we have come with the people who helped contribute to our success,” expressed Rémi Fortin, Partner in charge of the Beauce offices.

Raymond Chabot Grant Thornton’s presence in Beauce originated from the foundation of two separate firms in 1966 in Saint-Georges and Saint-Joseph. A series of associations between 1969 and 1979 led to the creation of Latulippe, Cliche, Bourque, Gilbert, Rodrigue & Associés, which was then merged with Renaud & Jacob to form Latulippe Renaud & Associés in 1980. This firm merged with Raymond Chabot Grant Thornton (at the time Raymond Chabot Martin Paré) in 1985.


Rémi Fortin, Partner in charge of the Beauce offices, Emilio B. Imbriglio, President and CEO, Monique Jacob et Raymond Renaud, founders of the Saint-Georges office, Raymond Poulin, Partner, and Mario Morin, Regional Vice-President

About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton has become a Canadian leader in the fields of assurance, tax, consulting services, and business recovery & reorganization. Its strength is based on a team of over 2,300 professionals, including some 200 partners. Together, Raymond Chabot Grant Thornton and Grant Thornton LLP, help dynamic Canadian organizations unlock their potential for growth with over 4,100 professionals and some 140 offices across Canada. Grant Thornton International Ltd provides clients with the expertise of member and correspondent firms in more than 130 countries, with over 42,000 professionals.

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Source:

Carole-Anne Dugré
Regional Manager – Marketing & Communications
Raymond Chabot Grant Thornton
Phone: 418-647-6635
Email: [email protected]

27 Oct 2016  |  Written by :

Mr. Imbriglio is partner and the President & CEO of Raymond Chabot Grant Thornton. He is in charge...

See the profile