President and CEO Emilio B. Imbriglio continues his regional tour with the aim of meeting dynamic business owners. On January 14, 2015, he was the guest of the Chambre de commerce et d’industrie de Laval’s forum, an event which he leveraged to present the firm’s main ideas for stimulating economic growth and creating jobs before an audience of 200 business people.
Emilio spoke optimistically about the region and Quebec’s future, highlighting the strong points but emphasizing that much remains to be done to stimulate our growth and foster our prosperity.
He stated, “Sometimes we forget that Quebec has very strong potential. Our society is marked by talented people, a trained and highly bilingual workforce, experienced business owners, ambitious decision-makers, natural resources and energy, and a strategic geographical and cultural position […] But despite these strengths, a major shift needs to take place so that Quebec may take its rightful place among the most competitive, innovative and production regions in the world.”
The President described several measures to stimulate growth, which rest upon four main economic development pillars—entrepreneurship, education, employment and the sustainable development of our resources.*
He also underscored the firm’s pride in serving the Laval community for over 30 years. He took the opportunity to commend the work of the Laval office’s professionals “who have supported Laval business owners and helped them unlock their full potential,” and highlight the contribution of the Laval office partners and office manager, Marco Berretta, for the breakfast conference’s success.
Pictured at centre, Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton, along with Pierre-Luc Girard and Chantal Provost, Chair of the Board and General Manager of the Chambre de commerce et d’industrie de Laval, respectively, Yan Leclair, Assurance Partner at Raymond Chabot Grant Thornton and Chambre Board member, along with other members of the President’s table.
* Emilio’s four main ideas with specific measures are summarized as follows:
1. Encourage entrepreneurship through tax incentives
Make it fair from a tax point of view to sell a business, whether selling to family or foreign interests.
Hold a public consultation to measure the impact of reducing or eliminating corporate taxes for SMEs, and define clear rules without reducing the government’s tax base
2. Take advantage of export opportunities
Take advantage of the soon-to-be official free trade agreement with Europe to develop new markets. Canada will be the only country in the world with free access, baring a few exceptions, to the two largest markets on the planet. Including North American consumers, Quebec has a potential market of over 900 million people!
3. Train and attract talent more effectively
Start teaching basic concepts at the high school level about credit, public debt, the cost of public services, and the importance of creating a budget.
Improve the process for selecting and integrating immigrants by creating other agreements, such as the France-Quebec agreement, to recognize the qualifications of professionals from other regions.
4. Exploit natural resources respectfully and sustainably
Develop a framework that supports long-term investments and infrastructures, specifically in terms of ports and railways.