02 Nov 2011

On October 17, 2011, this group of experts released its report to the public entitled: Innovation Canada: A Call to Action. The objective of the Jenkins panel is to promote the innovation of local businesses, without generally impacting the government of Canada’s research and development (R&D) funding. The group of experts, therefore, made recommendations on the effectiveness of Federal R&D funding programs.

Among the six recommendations to promote business innovation, only one would have specific impacts on scientific research and experimental development (SR&ED) tax credits being claimed by SMEs: Simplify the tax credit incentive used to support small- and medium-sized enterprises.

Three of the suggested measures to achieve this recommendation would have a direct impact on the administration of the SR&ED program:

 Measures  Current Situation  Impacts of Proposed Recommendations
 1. Improve the Preclaim Project Review Service (PCPR) A preliminary review does not guarantee that a project will be eligible for the SR&ED credit once completed. Results in entities receiving prior approval as to their eligibility for the tax credit.
 2. Simplify the base on which the credits are calculated Credits are calculated on the costs of internal and external labour, the material consumed and on equipment used 50% and more on SR&ED.Complex calculations and eligibility that is difficult to estimate and predict Calculate the credits only on the costs related to internal and external labour and gross-up the rate. Simplified calculations and savings for the government. These savings will be redeployed to finance direct support measures for SMEs.
 3. Introduce incentives that encourage SME growth The refundable portion of the credit is paid out, even if the enterprise does not generate taxable income. The refundable portion should be decreased so that a portion of the savings is redeployed to increase the enterprise’s profitability.For those entities in the pre-start-up phase, the refundable tax credit on labour-related costs would be guaranteed for a specific number of years.


In conclusion, if the government accepts the key conclusions of the Jenkins report, the program will maintain its status as a cornerstone of R&D financing in Canada and be available to enterprises of all sizes and in every sector. In this case, the program’s eligibility and spirit will remain intact.

To consult the Expert Panel Review report on R&D, go to:


Next article

01 Nov 2011

MONTRÉAL, November 1, 2011 – Raymond Chabot Grant Thornton today announces the conclusion of an agreement with Samson Bélair/Deloitte & Touche.

As a result, Raymond Chabot Grant Thornton is pleased to welcome aboard Yvan St-Germain, as Lead Senior Director, and all of the staff from Samson Bélair/Deloitte & Touche’s Sorel-Tracy office, Isabelle Champigny, Andréanne Dumont, Nathalie Pelletier, Annie Salvas, Véronique Salvas and Caroline Pinard, who will also be joining RCGT’s Sorel-Tracy team.

“Our Sorel-Tracy office has recently been renovated to better serve our clientele and we are pleased to welcome the new members to this modern and vibrant workspace. Now more than ever, Raymond Chabot Grant Thornton can make its presence felt in the region. We have our clients’ interests at heart and we will continue to meet their needs with our customary discipline and efficiency”, said the Montréal region’s Vice-President, Michel Noël.

To reach Mr. Yvan St-Germain and the entire Raymond Chabot Grant Thornton Sorel-Tracy team, call 450-742-3746 or 450-743-2752.

Welcome aboard to the Sorel-Tracy Team!

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.

Source :

Michel Noël, Vice-President, Raymond Chabot Grant Thornton
Yvan St-Germain, Lead Senior Director, Raymond Chabot Grant Thornton

Information :

Mariè-Ève Carignan, Senior Consultant, Communications, Raymond Chabot Grant Thornton
514-878-2691, ext. 2388
[email protected]

Next article

31 Oct 2011
Lynda Coache

Lynda Coache

Raymond Chabot Grant Thornton is proud to announce the recognition received by Lynda Coache, Partner in Charge of the St-Jean-sur-Richelieu and Napierville offices, who was presented with the Recognition Award–CA in Public Practice by the Ordre des Comptables agréés du Québec.

The Recognition Award pays tribute to the men and women who have made a valuable contribution to increasing the visibility of the CA profession.

The Recognition Award–CA in Public Practice highlights the exemplary contribution of a chartered accountant who, thanks to his/her financial expertise, leadership, strategic thinking and business acumen, has achieved results that are so significant and far-reaching, that they deserve to be recognized outside the firm for which they work.

For more information on the award and to view Lynda Coache’s biography, click here.

The Recognition Award–CA in Public Practice will officially be presented to Lynda Coache on February 22, 2011, as part of the CA Émérite Awards hosted by the Montérégie CA Group.

Congratulations to this dedicated chartered accountant!

Next article

31 Oct 2011

On October 28, 2011, the Université de Montréal highlighted the professional achievements of Michèle Perryman, Senior Director, Human Resources Consulting, with Raymond Chabot Human Resources Inc., during a gala to mark the 25th anniversary of the class of 1986.

Several hundreds of people gathered at the Sheraton Centre in Montréal to pay tribute to eight graduates—including Michèle Perryman—from the class of ’86 for their outstanding careers that have contributed to increasing the Université de Montréal’s visibility in the community. Michèle Perryman was awarded an honorary certificate in acknowledgement of this major recognition.

Congratulations to Michèle Perryman on this achievement!