08 Jun 2018

Raymond Chabot Grant Thornton is proud to have been involved once again in the annual meetings of the Corporation des officiers municipaux agréés du Québec (COMAQ), which took place May 23 to 25, 2018 in Québec City.

As a leader in the municipal sector, the firm was there to contribute to these discussions on financial issues.

Providing accounting advice for the public sector

Our experts, Marc Legendre and Stéphane Landry, led a workshop on changes in accounting standards that could have a significant impact on the financial statements of municipalities.

With their in-depth knowledge of the new accounting standards of the CPA Canada Handbook – Accounting and the current projects of CPA Canada’s Public Sector Accounting Board (PSAB), Marc and Stéphane explained the public sector standards that managers need to take into consideration. Several aspects were discussed, including:

  • Accounting for restructuring transaction;
  • Information to know about related parties;
  • Accounting for asset retirement obligations.

GST and QST: key topics, year after year, at the COMAQ conference, for the past 25 years

Guylaine Dallaire, Tax Partner, dedicates most of her practice to the public, parapublic, government and real estate sectors. She uses this conference to meet her clients from all over the province. It’s an opportunity to review major developments in the past year affecting managers (treasurers, clerks and directors general). This information could relate to contracts, real estate transactions, regulatory standards and legislative changes.

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07 Jun 2018

Motivated by the desire to always better meet the needs of its clients in an ever-changing environment, Raymond Chabot Grant Thornton is proud to launch a new ethics and anticorruption practice.

The implementation of transparent, sustainable commercial practices will help establish an atmosphere of trust with your business partners. Thanks to our analysis, support and monitoring services, you will be able to put into practise the main guidelines of standard ISO 37001 with regard to ethical governance.

Joining forces with two experts in the fight against corruption…

Our professionals from the Management Consulting team are teaming up with two experts in the field: Marc Tassé, proactive ethics and anti-corruption specialist, and Patrice Poitevin, internationally renowned anti-corruption expert. Both are advisors with the Canadian Centre of Excellence for Anti-Corruption (CCEAC).

… to create a recognized practice with a complete service offering

By combining our talents, we can help our clients benefit from leading-edge ethics and compliance expertise.

For more information, don’t hesitate to contact our experts and consult our service offering.

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07 Jun 2018

On May 31, 2018, at the Sommet international du repreneuriat organized by the Centre de transfert d’entreprise du Québec (CTEQ), Serge Plourde, Director – Management Consulting, took part in an expert panel to discuss the new challenges of businesses in Quebec’s tourism sector.

During this workshop, panellists analyzed trends in the tourism sector and the profile of potential buyers in the field. With over thirty years of experience in tourism and economic development and having been involved in over 150 major projects across Quebec, Mr. Plourde spoke about a few key elements.

“Communication is very important during business transfers, but the greatest challenge of the tourism industry is transferring to buyers,” stated the specialist.

At this major event where some 500 people participated in workshops and conferences, Raymond Chabot Grant Thornton experts were also in attendance, including Éric Dufour, Regional Vice-President and National Business Transfer Leader. The firm is a partner of the CTEQ.

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04 Jun 2018

In an article published in Le Droit, Tax Partner Bruno Charron, discusses incentives for the acquisition of works of art by PMEs and corporations.

Current tax incentives also help to support art and culture in Quebec and Canada.

However, according to Bruno, the capital cost allowance on the purchase or lease of a work of art is not as advantageous as other types of expenses, such as charitable gifts.

“Very few of our SME clients take advantage of these tax savings. Those who do are usually philanthropist art lovers, who don’t invest in art for tax reasons. A charitable gift, for example, would trigger a greater refund.”

To find out more about tax provisions relating to purchases of works of art, read the article (in French) published on May 22, 2018.