10 Oct 2018

On September 24, 2018, Raymond Chabot Grant Thornton published an innovative study on family taxation.

The study showed that in more than 70% of the situations studied, the tax rules are not neutral depending on a family’s social profile and economic class, and the couple’s legal status. As a result, several Canadian families are forced to make choices based on tax and not on their own needs.

The breaches of neutrality identified by the study which result from the application of several current tax rules also change the behaviour of numerous families, influence family choices and for many, are not beneficial.

Raymond Chabot Grant Thornton is calling on both federal and provincial members of government to undertake an in-depth review of family tax regulations so that the rules may reflect the dynamic of today’s families.

The study has been shared by several media sources and will continue to be part of the firm’s discussion topics. Watch the interview between Luc Lacombe and Mario Dumont on LCN below.

Read also these articles citing the study: Les Affaires; Conseiller.ca; Journal de Montréal et Journal de Québec; Finance et Investissement; Advisor.ca.

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09 Oct 2018

Raymond Chabot Grant Thornton is pleased to congratulate Nationex Inc. for its successful refinancing and shareholder buy-back.

Founded in 1980 and headquartered in Longueuil, Qc, Nationex (“Nationex” or the ‘‘Company’’) provides B2B courier services in Canada, with a major focus on Quebec and Ontario provinces. The company employs 200+ employees and handle over 40 thousand parcels on a daily basis.

Catryn Pinard, appointed CEO in 2015 and now sole shareholder of Nationex following the shareholder buy-back, is determined to help Nationex succeed as a 2nd generation family-owned company with the support of an experienced management team.

Raymond Chabot Grant Thornton acted as exclusive financial advisor to Nationex.

“The Raymond Chabot Grant Thornton team far exceeded our expectations”, says Catryn Pinard. “Your support was not only financial but also strategic. You were by our side throughout the entire process and exceeded your mandate by ensuring that all details were tied up following the closing of the transaction. Your implication and expertise, without a doubt, added significant value to our financing structure.”

To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.

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05 Oct 2018

The legalization of cannabis as of October 17th could cause a number of headaches for employers and managers who will have to adapt quickly to the new legislation.

Although the substance is prohibited in the workplace, employers may be facing a higher absenteeism rate and lower employee performance, as mentioned by Isabelle Simard, Senior Manager, Management Consulting at Raymond Chabot Grant Thornton, in an interview with Le Quotidien.

It’s in a business’s interest to introduce policies regarding this new reality and a clear process to be followed for failure to comply with the rules.

Isabelle stated: “While the legislation may make it possible to denounce dependency situations among employees, dismissal is not automatic.”

You can read the full article on the Le Quotidien web site (in French only).

You can also read the article on the same topic posted on ICI Radio-Canada Saguenay-lac-Saint-Jean (in French).

Learning breakfasts

In order to provide its members with appropriate tools, the Chambre de commerce et d’industrie Saguenay-le Fjord is organizing learning breakfasts in collaboration with Véronique-Bédard-Tremblay, lawyer with Gauthier Bédard, LLP.

The primary objective of the training is to inform employers about the legislative changes and make them aware of the potential impacts of these changes on human resources management.

Participants will have the tools to be proactive and prevent problem situations that could stem from the legalization of cannabis.

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04 Oct 2018

Emilio B. Imbriglio, President and CEO, was in Saguenay-Lac-Saint-Jean last September 17th-19th.

His visit is part of his annual tours of the various regions to meet with staff, business partners and dynamic organizations on site.

Management in touch with its employees

Emilio then went on to visit employees in the La Baie, Chicoutimi and Jonquière offices to thank them for their exemplary work and share his vision of an increasingly efficient firm with its employees and clients at the heart of its priorities. The visit was an opportunity for friendly, personal discussion, which all of the teams appreciated.

Éric Dufour said: “There are very few large-scale firms with a President who is as open as Emilio. He stands out and takes his time. He wants to learn about employees in all areas and departments. He is approachable and there is no doubt that his interaction mobilizes the troops. It’s a real pleasure to have him with us.”

Attentive to major economic development projects

The President’s visit was also an opportunity to bring together the managers of three major projects that will have a significant economic and historic impact in Saguenay-Lac-Saint-Jean: David Dufour, Regional Manager, BlackRock Metals mining project, Jean-Sébastien David, Chief Operating Officer, Ariane Phosphate and Stéphane Tremblay, Leader, Regional Development with GNL Québec.

Their discussions covered the issues and objectives of these projects that will positively impact the economic situation of Saguenay-Lac-Saint-Jean once they are operational.

Inauguration of a new office

The Dolbeau-Mistassini office inaugurated its new premises with several business partners, clients and political representatives in attendance.

These new premises will house even more employees, evidence of the firm’s constant growth in the Maria-Chapdelaine RCM. It is the firm’s increasingly greater market share in the area that led it to relocate in order to respond to client needs professionally and conscientiously.

Marc Lévesque, Assurance Partner in charge of the upper lake region said: “The new Dolbeau-Mistassini office provides our employees with a dynamic, innovative and collaborative work environment.

Clients will also benefit from even more efficient services and a welcoming location to interact with our teams.”

Emilio Saguenay 2018

Emilio B. Imbriglio, President and CEO, Nancy Fortin, Senior Tax Consultant, Pascal Cloutier, Mayor of Dolbeau-Mistassini, Isabelle Simard, Regional Director, Management Consulting, Marc Lévesque, Partner in Charge, Dolbeau-Mistassini office, Gilles Bérubé, President and CEO of Corporation Waskahegen, Frédéric Castonguay, Senior Manager and Éric Dufour, Vice-President Saguenay-Lac-Saint-Jean/Chibougamau/Côte-Nord.

 

Visit to a Lac Saint-Jean institution

In his visit to the chocolate factory of the Mistassini Trappist monks, our President and CEO discovered a company that combines innovation and tradition.

The firm’s representatives had an opportunity to visit the manufacturing plant and discuss the various upcoming projects with the management of this very vibrant and growing business.

The human resources challenge … the vision of two business sector leaders

A noteworthy activity of this tour was Emilio’s dinner with Stéphane Achard, Executive Vice-President – Commercial Banking and Insurance, National Bank where they talked about their vision and the human resource challenges for Quebec SMEs in the presence of some 50 regional business people.

Emilio Saguenay

From the left: Emilio B. Imbriglio, President and CEO, Éric Dufour, Vice-President Saguenay-Lac-Saint-Jean/Chibougamau/Côte-Nord, Josée Carrier, Assistant Vice-President, Business Sales and Services, National Bank and Stéphane Achard, Executive Vice-President – Commercial Banking and Insurance, National Bank.

 

Raymond Chabot Grant Thornton is present in all four corners of Quebec. It’s important, therefore, for the President and team of Partners to meet with economic stakeholders in various communities and, especially, to discuss with staff members in order to stay in the leading group of innovative and high-performance professional services firms!