01 Nov 2019

Raymond Chabot Grant Thornton and Grant Thornton shone at the 2019 FinTech Forum.

The President and CEO of our firm, Emilio B. Imbriglio, delivered a welcome statement on October 21, 2019 as part of the election party, with Matthieu Cardinal, Vice-President, FinTech Development and Corporate Affairs at Finance Montréal and Co-chair of the 2019 Canada FinTech Forum organizing committee.

These two conference days were marked by the significant participation of the firm and its subsidiaries, Catallaxy and Operio.

On October 22nd and 23rd, at the kiosk presented by the firm and its subsidiaries, several experts held mini-conferences about issues pertaining to cloud computing and blockchain, to name a few.

The firm’s President and CEO had the privilege of leading a panel on diversity and inclusion in fintech. The panel included Jennifer McDonald, President and CEO, Mylo; Tanya Andreasyan, MD and Managing Editor, FinTech Futures; Daisy Dedeian, Director, CH&CO; Melissa Pauléat, Vice-President Marketing, Mobeewave; and Valérie Castaigne, Vice-President, Analytical Services, Caisse de dépôt et placement du Québec. This very inspiring conference focused on the place of women and minorities in fintech as well as the challenges specific to certain regions of the world.

Panelists stressed the importance of giving diversity a greater place. They believe companies must integrate an inclusive culture into their business strategy. To do this, the decision must come from the top, otherwise diversity and inclusion will not materialize and will only remain a check mark on a to-do list. There was general agreement that diversity and inclusion should be treated as operational and not as human resources issues.

The panelists called on leaders to encourage women to dare to take their place, to progress and break down the glass ceilings. Women and other minorities must finally conquer their impostor syndrome and take their rightful place. Fintech, by definition, is disruptive. The same must be true for inclusion and diversity, which should be implemented at all corporate levels.

During the forum held at the Palais des congrès de Montréal, several of the firm’s experts were present at this most important fintech gathering in the country, including the team specializing in financial transformation (FPM 360), part of our firm’s Management Consulting Department.

Lastly, Kevin Pleiter, Managing Partner, Advisory Services at Grant Thornton LLP in the United States, also acted as a panel moderator on cybersecurity and quantum computing in fintech services.

The firm and the Grant Thornton global organization had a strong presence at this international forum, which brought together some 3,000 participants in the Quebec metropolis!

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31 Oct 2019

Catallaxy and Raymond Chabot Grant Thornton contribute to the successful creation of the first regulated cryptocurrency fund.

On October 30, 2019, 3iQ, an investment fund manager specializing in new technologies and crypto-assets, received a favourable ruling from the Ontario Securities Commission to create the country’s first regulated cryptocurrency fund: The Bitcoin Fund.

“We are particularly proud to have supported 3iQ in this process. In recent years, Catallaxy and Raymond Chabot Grant Thornton have invested time and money to develop comprehensive expertise and innovative tools to audit cryptocurrency funds. This means that we are now ready to respond to ever-growing market needs. The Ontario Securities Commission’s decision will undoubtedly have a major impact on Canada’s cryptocurrency funds sector”, said Louis Roy, Assurance Partner at Raymond Chabot Grant Thornton and President of Catallaxy.

3iQ expects to syndicate the offering as soon as possible and hopes to have the Fund listed and trading later this quarter.

The news is a very timely additional success for Catallaxy and Raymond Chabot Grant Thornton, since Catallaxy has just launched its new product, Abacus, the first software designed to audit crypto-assets. Abacus uses blockchain-related expertise to enable auditors to audit crypto-assets.

More than ever, Catallaxy and Raymond Chabot Grant Thornton are asserting their leading position on the cryptocurrency market.

Congratulations to the team for this successful assignment!

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15 Oct 2019

Two of the Firm’s international tax experts collaborated with Le Devoir on the Vieillir dans le Sud report.

The experts agree that it may be advantageous to spend six months down South after you retire, provided these extended stays outside Quebec are properly planned.

According to Martin Caron, Senior Manager, Tax and International Mobility: “You have to consider your destination, the cost of living, currency and tax system. Each situation must be examined individually, depending on your income and the destination country. You could prepare simulations to see how much you’ll have for the rest of the year, in Canada and the other country.”

Mélissa La Venia, Lawyer and Senior Manager, U.S. and International Tax, says: “Everybody must discuss with their financial institution to determine if they can keep their account and investments.”

If you’re planning to live in another country, there are several factors to consider beforehand: departure tax in Canada, permanent residence vs. tax residence, pension plans and other assets.

La Venia add: “You also have to ascertain if there is a tax treaty with the other county. Each treaty is different. These documents establish the criteria that determine the tax residence of a particular individual.”

Read the full article online (in French).

Contact our international mobility and tax experts to plan your retirement under the sun.

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11 Oct 2019

Raymond Chabot Grant Thornton participated in the Association des Avocates et Avocats de province (AAP) convention held in Rouyn-Noranda on September 26-29, 2019.

Pier-Paul Belzil-Lacasse and Michel Thibault, both Partners and Licensed Insolvency Trustees in the Recovery & Reorganization Group were in attendance.

Co-chaired by Metre Sandra Éthier and Metre Bernard Barrette, the convention was held this year under the theme “Changer pour mieux réussir” and brought together some 130 lawyers from across Quebec.

As part of this annual gathering, which offered about ten training sessions to registrants, our two experts also presented two training sessions on the topics of case law review in insolvency and reading financial statements.

As part of this annual convention, which also provided training courses for the attendants, our two experts presented two of the training sessions on case law in insolvency and reading financial statements. Pier-Paul Belzil-Lacasse delivered the welcoming address at the cocktail reception on behalf of the firm.

Once again, the firm was present at this important event, which is a testament to its leadership and the commitment of its experts across Quebec to provide sound and practical advice to professionals and decision makers.

The AAP is an association of lawyers who are members of a bar association other than Montréal, Québec City and Outaouais that defends and promotes its members’ professional, economic and social interests.