19 Dec 2011

1. Raymond Chabot Grant Thornton carries out its verification and validation assignments for greenhouse gas emission reduction projects and verification assignments of greenhouse gas emission inventory projects according to the ISO-14064 standard and other recognized applicable standards. The latter require that the verifier or validator remain independent of the activity being verified or validated, avoid biases and conflicts of interest and remain objective throughout the validation or verification to guarantee that the results and conclusions will be based on tangible proof obtained through the validation or verification.

2. As a chartered professional accountants firm, Raymond Chabot Grant Thornton has an assurance practice that complies with Canadian Audit Standards that apply to all assurance engagements, including greenhouse gas emission verification. All Raymond Chabot Grant Thornton Partners and employees must adhere to the independence standards that apply to their profession. To this end, the general provisions on independence of the code of ethics of chartered professional accountants of Québec require that the member carrying out or participating in an assurance engagement or an application of specified auditing procedures engagement be and remain free of any influence, interest and relationship that, in respect of such engagement, could affect his or her professional judgement or objectivity or that could be interpreted as such in the eyes of a reasonable observer.

3. In order to meet the greenhouse gas verification standards and the code of ethics of chartered professional accountants of Québec, Raymond Chabot Grant Thornton’s Environment Group on Greenhouse Gases requires the following from Partners and employees:

a) Total compliance with the greenhouse gas verification standards regarding one’s independence from an entity’s activities on which we are issuing a verification or validation report as well as from an entity that produced a quantification report subject to our verification or validation report.

b)
Total compliance with the section on independence of the code of ethics of chartered professional accountants of Québec regarding an entity’s activities for which we are issuing a verification or validation report as well as an entity that produced a quantification report subject to our verification or validation report.

c)
Total compliance with Raymond Chabot Grant Thornton’s independence standards.

d)
Before the work begins, all engagement team members must declare their independence with respect to an entity for which we are issuing a verification or validation report as well as an entity that produced a quantification report subject to our verification or validation report.

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15 Dec 2011

Montréal, December 15, 2011 – Raymond Chabot Grant Thornton is taking advantage of the adoption of the Regulation respecting the cap and trade system for greenhouse gas emission allowances by the Minister of Sustainable Development, Environment and Parks, Pierre Arcand, to reiterate its support of this initiative benefiting numerous Quebec companies.

According to Raymond Chabot Grant Thornton, this announcement allows Québec companies to start preparing now for the implementation of the cap-and-trade system and the transition period that will lead to enforcing the greenhouse gas (GHG) regulations as of January 2013. The regulation is consistent with multiple Quebec initiatives already in place to counter climate changes.

“The emission allowance market currently being created is good news for our numerous companies in the clean technologies sector and innovative industrial establishments in Quebec. With the 2013 regulations, Quebec companies will definitely be able to benefit concretely from this new GHG market,” remarked Roger Fournier, Lead Senior Manager, Environment, Greenhouse Gases and GHG Certification Specialist at Raymond Chabot Grant Thornton.

“This system will accept offset credits so that companies subject to the regulation will be able to comply. We see this as an excellent business opportunity for various non-regulated Quebec companies that are innovating and adopting best practices for environmental protection. Companies that reduce their emissions may possibly be able to sell their offset credits to regulated entities. With this system, Quebec is demonstrating its leadership once again and confirming the importance of contributing to the reduction of GHG emissions for our generation and those to come,” Mr. Fournier concluded.

The memorandum submitted by Raymond Chabot Grant Thornton in connection with the public consultations held for the regulation project is available here: http://www.rcgt.com/ghg-memorandum.

About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton is a leader in the fields of assurance, taxation, consulting, business recovery and reorganization services. The Firm owes its success to a team of over 2,000 people, including over 225 partners in more than 90 offices in Quebec, eastern Ontario and New Brunswick. The scope of its network has made the Firm the leader in its sector of activities. Additionally, for more than thirty years now, our Firm has also been a member of Grant Thornton International Ltd., providing its clientele with access to the expertise of member and correspondent firms in over 100 countries.

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Information:

Francis Letendre
Public Relations Consultant
Raymond Chabot Grant Thornton
Tel.: 514 390-4201
Cell: 514 554-1685
[email protected]
www.rcgt.com

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08 Dec 2011

A MODEL OF PERSEVERANCE, DISCIPLINE AND ACHIEVEMENT

QUÉBEC CITY, December 6, 2011 – Assurance, taxation and consulting Firm, Raymond Chabot Grant Thornton, is proud to mark the extraordinary achievement of one of its own, Véronique Denys, Tax Manager, in the Firm’s Québec City office: she has become the first Quebec woman to complete the Seven Summits challenge.

As she arrived at the peak of Vinson Massif (at 4,892 metres) in Antarctica on November 26, Véronique Denys became the first Quebec woman to scale to the highest mountain tops on each of the seven continents, an international challenge that is the ultimate objective of the world’s greatest mountaineers.

“I would like to thank those who helped me follow my passion and realize and surpass myself as an individual. The contributions and encouragement of each and everyone one of you allowed me to take on every challenge I met with and make my dream come true”, said an emotional Véronique Denys.

A true source of inspiration

Véronique Denys returned to work this morning at the Québec City office to warm applause from proud colleagues who all made a point of congratulating her.

“Véronique deserves our complete admiration for this feat, and we are proud to work with such an exceptional woman. Her outstanding resolve is without a doubt a source of inspiration for all of the Firm’s partners and employees through her determination, discipline and perseverance,” stated Jean Robillard, President and CEO.

Last May, Véronique Denys climbed to the top of Mount Everest in Asia, the highest summit in the world (8,848 metres); she is only the third Quebec woman to have done so. Since then, she also reached the summit of Carstenz Pyramid (4,884 metres) in Oceania. Previously, she scaled to the top of Kilimanjaro in Africa in 2004 (5,892 metres), Elbrus in Europe in 2006 (5,642 metres), Aconcagua in South America in 2008 (6,962 metres), as well as Mount McKinley in North America in 2009 (6,194 metres).

“Véronique has something to be very proud of, not only because of her extraordinary accomplishment, but also because she has demonstrated to the Raymond Chabot Grant Thornton network and Quebec as a whole the importance of believing in yourself and being determined to follow your dreams and passions to the end,” remarked Pierre Lapointe, Regional Vice-President.

About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton is a leader in the fields of assurance, taxation, consulting and recovery and reorganization services. The Firm owes its success to over 2,000 employees, including more than 225 Partners in over 90 offices in Quebec, eastern Ontario and New Brunswick. The scope of its network makes it a leader in its business segment. For the past 30 years, Raymond Chabot Grant Thornton has been a member of Grant Thornton International Ltd providing its clients with the expertise of the member and correspondent firms in more than 100 countries.

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Source: Carole-Anne Dugré
Regional Director, Communications and Business Development
Raymond Chabot Grant Thornton
Telephone: 418-647-6635 Cell.: 418-955-3792
Email: [email protected]

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01 Dec 2011

Montréal, December 1, 2011 – As part of pre-budget consultations, Raymond Chabot Grant Thornton wishes to remind Canada’s Minister of Finance, the Honourable James Flaherty, of the importance of taking immediate action to make the tax system equitable for intergenerational business transfers.

“In a context where entrepreneurship in this country is declining and where we must constantly search for ways to encourage the next generation to take over the reins of a business, no business owner must be at a tax disadvantage when selling a business. It’s no wonder, then, that today we are again calling for legislative changes,” said Firm President and CEO, Jean Robillard.

Canadian Firm Grant Thornton LLP is also calling for this change. “We are very pleased that Raymond Chabot Grant Thornton is taking a leadership role on this strategic issue. It is also clear to us that Canadian tax policy should further encourage intergenerational entrepreneurship to thrive in Canada,” added Executive Partner and CEO, Phil Noble.
“An owner who sells his company shares to a third party or to foreign interests rather than to a family member’s company, always has a greater tax advantage because he can claim a capital gains exemption of up to $750,000, which is certainly not negligible, especially considering that proceeds from the sale of an enterprise are often used as a retirement nest egg”, noted tax Partner, Jean Gauthier.

To counteract this tax disadvantage, on December 2, 2010, Raymond Chabot Grant Thornton sent a report to the Finance Ministers of Quebec and Canada entitled, Business Transfers: Problems and Suggested Solutions (www.rcgt.com/business-transfers), which sets out 10 solution options.

Solution options that would be easy to apply

“The advantage of the Raymond Chabot Grant Thornton report is that it not only identifies the sources of the problem, it provides relevant solutions to counteract this tax inequity. The solution options were designed to correct the incongruity between the business world’s reality and the current tax system to encourage intergenerational transfers while addressing an economic need,” said the report’s main author, Suzanne Landry, University Partner at Raymond Chabot Grant Thornton and Tax Professor at HEC Montreal.

Results that are a long time coming

Even after calling for legal adjustments during the recent tabling of the Canadian and Quebec budgets and proposing solution options to representatives of the Quebec and Canada Finance Departments in meetings held this fall, Raymond Chabot Grant Thornton has still not been informed whether this problem was on its way to being resolved. “To make local businesses sustainable by encouraging family successors and thereby contributing to our economic growth, these changes are not an option, they’re a necessity,” concluded Jean Robillard.

About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton is a leader in the fields of assurance, taxation, consulting and recovery and reorganization services. The Firm owes its success to over 2,000 employees, including more than 225 Partners in over 90 offices in Quebec, Eastern Ontario and New Brunswick. The scope of its network makes it a leader in its business segment. For the past 30 years, Raymond Chabot Grant Thornton has been a member of Grant Thornton International Ltd, providing its clients with the expertise of the member and correspondent firms in more than 100 countries.

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For more information:

Francis Letendre
Public Relations Consultant
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
Cell.: 514-554-1685
[email protected]
www.rcgt.com