05 Jul 2017
Pier-Paul Belzil-Lacasse
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

In connection with his financial shows on Radio-Canada radio, Pier-Paul Belzil-Lacasse, Lead Senior Manager, Turnaround and Licensed Insolvency Trustee at Raymond Chabot Grant Thornton, discusses a series of issues.

Protecting financially vulnerable people

The purpose of Bill 134 is to protect financially vulnerable people by modernizing consumer credit rules, by regulating certain debt settlements, credit agreements, loyalty programs, etc. Here are some noteworthy measures:

  • Online quick loans: will be closely supervised, will have to licensed and provide the contract information to prevent consumers from paying more than 100% interest or hidden fees, for example.
  • Obligation for merchants to assess consumer’s capacity to repay when they make a loan, at the risk of not having right to the credit they sold to the consumer (e.g.: furniture stores).
  • Increase in minimum credit card payment to 5% over 4 years. This would enable cardholders to pay down both interest and part of the capital.

Listen to the radio show “Conseil financier : le projet de loi 134  (Financial tip: Bill 134) (Go to the segment broadcast at 8:22 a.m. if the audio doesn’t start automatically).

Know how to resist summer temptations

Summertime is ripe with temptation and expenses tend to increase during this season. However, it’s relatively easy to control the spending. Here are a few things you can do:

  • Make a budget and don’t use your credit card as a financing tool.
  • Manage your cash properly (don’t buy water bottles or coffee, instead, prepare them at home) and make your lunch.
  • Review your priorities and implement your resolutions (stop smoking and keep this money for a trip for example).

Listen to the radio show “Conseil financier – L’été, une saison pour dépenser (Financial tip: Summertime, the spending season) (Go to the segment broadcast at 8:20 a.m. if the audio doesn’t start automatically).

Is your estate properly planned?

The foundation of proper estate planning is obviously to have a will and mandate in case of incapacity. By having such documents and consulting a notary, you’ll be able to appoint a liquidator, appoint a guardian for the children, specify how your property and money is to be allocated, etc.

When should you think about making a will? As a couple, when you have assets together or children, a will is almost imperative so don’t wait too long if you’re in this situation and still don’t have a will.

Listen to the radio show « Conseil financier – La planification successorale » (Financial tip: Estate planning) (Go to the segment broadcast at 8:21 a.m. if the audio doesn’t start automatically).

Children and money: simple, practical tips

It’s important to explain to children how money works to avoid the subject becoming taboo and to demystify money management. Here are a few ideas to explore with your little ones based on their age.

  • Less than 5 years old: keep a piggy bank and put money in it to instill the notion of saving, pretend shopping to show the exchange involved in a purchase, learn how to count, etc.
  • 6 to 8 years old: explain the difference between debit and credit.
  • 9 to 12 years old: compare the price of certain products at the store or grocery based on different brands.
  • 13 to 15 years old: establish a budget for buying clothes at the start of the school year, go over the monthly credit card statement to learn about interest, analyze advertisements, make a budget, make them understand how saving leads to the realization of financial objective and dreams, establish the difference between needs and wants, etc.

Listen to the radio show “Conseil financier – L’éducation financière des enfants(Financial tip: Financial literacy of children) (Go to the segment broadcast at 8:20 a.m. if the audio doesn’t start automatically).

Fraud: better safe than sorry

Fraud has many faces. Here’s a few things you can do to avoid being a victim of fraud:

  • Never give access to your computer or provide personal information over the telephone to anyone.
  • Shred personal documents, don’t recycle them.
  • In emails or texts, don’t click on links that seem fishy.
  • Carefully review your credit card and bank statements every month.

Listen to the radio show “Conseil financier – Se protéger contre la fraude” (Financial tip: Protect yourself against fraud) (Go to the segment broadcast at 8:22 a.m. if the audio doesn’t start automatically).

What is a Licensed Insolvency Trustee?

In his last show of the season, Pier-Paul Belzil-Lacasse discusses the profession of a Licensed Insolvency Trustee. He explains what’s involved in the basic training required to obtain a license to practice. He also specifies when a person should meet with a trustee and what is discussed in such a meeting.

Listen to the radio show “Conseil financier – Qu’est-ce qu’un syndic?” (Financial tip: What is a Trustee?) (Go to the segment broadcast at 8:20 a.m. if the audio doesn’t start automatically).

05 Jul 2017  |  Written by :

Pier-Paul Belzil-Lacasse is an expert in Recovery and Reorganization at Raymond Chabot Grant...

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27 Jun 2017
Edith Pion
Partner | CPA, CA, M. Fisc. | Tax

Congratulations to Patrice Gosselin and Édith Pion from the Brossard office, who participated in the Relay for Life in Longueuil in June and raised over $15,000.

The Relay for Life, which takes place in over 90 cities in Québec and 400 locations across Canada, is a fund-raising event for the Canadian Cancer Society. Team members take turns walking around a track at night to symbolize the ongoing fight against cancer.

On the night of June 9th, several Brossard office members participated in the Relay for Life held at Michel-Chartrand park in Longueuil, with over 450 other participants. Raymond Chabot Grant Thornton’s team included Patrice Gosselin, assurance provider and Édith Pion, Tax Partner, both cancer survivors.

Thanks to donations from partners, colleagues and clients, the Raymond Chabot Grant Thornton team successfully raised over $15,000, far more than the $150 minimum required per participant.

In 2016, the Relay for Life raised over $12 million across the country.

Patrice Gosselin et Édith Pion

05 Jul 2017  |  Written by :

Ms. Pion is a partner at Raymond Chabot Grant Thornton. She is your expert in taxation for the...

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22 Jun 2017
Rémi Fortin
Partner | FCPA, FCA | Assurance

Raymond Chabot Grant Thornton was pleased to see that Rémi Fortin, Partner in Charge of the Beauce offices, was recognized for his drive, determination and contribution to the region by being awarded the CPA Émérite award by the Ordre des comptables professionnels agréés du Québec – Regroupement des CPA de Chaudière-Appalaches et de Québec on June 15, 2017.

This award recognizes Rémi’s remarkable career, highlighted by his innovative achievements, contribution to the advancement and visibility of the profession within business associations and community and philanthropic involvement.

Rémi’s leadership, drive and commitment are certainly worthy of recognition. Raymond Chabot Grant Thornton is proud to rely on a dedicated partner who plays a role in enhancing our firm’s distinct positioning and promoting its talents.

Rémi’s candidacy was selected by a jury of experienced chartered professional accountants from various sectors of the region. Congratulations!

For more information on Rémi Fortin’s candidacy, go to the Ordre des CPA du Québec website.

05 Jul 2017  |  Written by :

Rémi Fortin is a partner at Raymond Chabot Grant Thornton. He is your expert in assurance for the...

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21 Jun 2017

Raymond Chabot Grant Thornton celebrated 60 years of history in Matane on June 4, 2017, with a special dinner attended by employees, professionals and current partners to honour founder, Gérard Lavoie, and builders and former partner, Réal Bélanger, Hugues Dion and Jacques Gendron.

Emilio B. Imbriglio, President and CEO, and the Regional Vice-President, spoke about Raymond Chabot Grant Thornton’s leading position in the Matane region’s business community. Michel Proulx stated, “We stay in the lead thanks to our people, our talent and our founders who opened an accounting firm in Matane in 1957. I’m proud of my fellow partners, René Gauthier, Yves Gauthier, Guy Lemieux and Gino Gosselin, for their professionalism and community involvement.”

“There are four generations of workers in this room, and our greatest strength is that each one brings it own contribution and its own solutions to the challenges it faces,” he added. His words were a reflection of Emilio B. Imbriglio’s speech that described the firm’s new leading-edge services Taxō and Operiō.

Paying homage to Gérard Lavoie, Matane office founder

A business is only as good as the sum of its talent

During dinner, Mr René Gauthier made a point of recognizing the importance of team work and the quality and dedication of the staff in the Matane office (which also includes Amqui and Sainte-Anne-des-Monts). “It is, first and foremost, thanks to our talent that we have been able to maintain our leading position in the Matane region. We are proud to count on a team of dedicated and loyal professionals, some of whom have been with us for over forty years.”

Raymond Chabot Grant Thornton in Matane, the Lower St. Lawrence, the Gaspé and Edmundston

Raymond Chabot Grant Thornton’s history in Matane began in January 1957 with the opening of Caron, Corriveau, Renaud et associés. By 1984, that firm had offices in Montmagny, La Pocatière, Matane, Rivière-du-Loup, Sainte-Anne-des-Monts, Chandler and New Richmond. With lots of plans to expand and in order to meet his clients’ needs, founder Gérald Lavoie negotiated the merger of these seven offices with Raymond Chabot Martin Paré, which would become Raymond Chabot Grant Thornton in 1998.

This signaled the start of new era for the Lower St. Lawrence offices, Matane and their clients. The traditional accounting firm was transformed and businesses could now count on numerous specialists and assurance, tax and advisory services to evolve in a structured, competitive business environment.

Today, Raymond Chabot Grant Thornton boasts a network of 14 offices and four service outlets throughout the Lower St. Lawrence, Gaspé and Edmundston region and is part of a large national and international network.

Left to right: Michel Proulx, Regional Vice-President, Yves Gauthier, René Gauthier and Guy Lemieux, Matane office partners, Jacques Gendron, former partner, Emilio B. Imbriglio, Gérard Lavoie, founder, Gino Gosselin, Matane office partner, and Réal Bélanger, former partner. Missing: Hughes Dion, former partner.