07 Nov 2018

What is the future of financial services? Which solutions and action plans must financial institutions put in place to face the challenges of open innovation and artificial intelligence?

In an ever-changing world, financial technologies are disrupting financial institutions’ usual business models by offering technological solutions that are better tailored to their clients. With the arrival of new technologies like open innovation and the emergence of artificial intelligence, their business model will have to adapt.

In light of these numerous challenges, Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton, acted as the moderator of an international panel of speakers at the FinTech Forum on October 30, 2018.

The panel also included:

  • Kelly Peeler, CEO and Co-Founder of NextGenVest.com, which helps students manage student loans via text messages thanks to artificial intelligence and human advisors. She was named on the Forbes’ top 30 Under 30, Fast Company’s 100 Most Creative People in Business and Goldman Sachs’s 100 Most Intriguing Entrepreneurs and named a White House’s #StartTheSpark Ambassador;
  • Christopher Oster, CEO and Co-Founder of CLARK, a digital platform that makes it easy to buy new insurance while managing existing contracts;
  • Sébastien Fiaux, CEO and Founder of SFJ Technologies, a business that helps clients manage significant returns thanks to sophisticated mathematical models and science;
  • David Souaid, President and Co-Founder of the Evolocity financial group, which proposes technology-based solutions to provide working capital to Canadian SMEs;
  • Kathryn Petralia, President and Co-Founder of Kabbage Inc., a completely automated platform that allows clients to benefit from cash resources for their small businesses in a matter of minutes;

This conference was an opportunity to highlight their activities and discuss the challenges facing the financial industry – in particular the search for technological innovation sources to ensure innovation and competitiveness in a market with fierce competition and numerous competitors.

Artificial intelligence represents new business opportunities while improving efficiency and client services. It’s essential for financial institutions to ensure that they have a competitive, cutting-edge organization while efficiently responding to market uncertainties, the needs and expectations of clients and rapidly growing competition.

Today we’re entering a new era of technological transformation where everything is possible. It’s up to us to seize the opportunities that present themselves!

Next article

26 Oct 2018

The prestigious 2018 Prix créateurs d’emplois du Québec gala, the annual event celebrating organizations that create and maintain jobs in Quebec and contribute to its prosperity, was held on October 24, 2018.

Video presented at the gala

Successful businesses from all regions in Quebec were recognized during this major event, which brought together more than 1,000 people, including Quebec Premier François Legault.

Three national awards were also presented to exceptional businesses: the Grand Prix Champion, to Olymel S.E.C., Grand Prix Coup de cœur, to Miralis and the Grand Prix Manufacturier innovant national, to LM Wind Power. Congratulations to the recipients!


Gala Prix Créateurs d'emploi 2018

Raymond Chabot Grant Thornton honoured

The event also celebrated Raymond Chabot Grant Thornton’s 70th anniversary. The firm’s constant commitment to giving local businesses the means to achieve their ambitions and unlock their full growth potential was doubly honoured.

First, there was a tribute to the professionalism and quality of the firm’s 2,500 professionals during the VIP cocktail, attended by the Quebec Premier and several dignitaries, including four regional Vice-Presidents, Richard Chrétien, Éric Dufour, Guy Fauteux and Mario Morin, partner, Jocelyn Renaud and other firm representatives.

Premier Legault and Pierre Cassavi, President of the Prix Créateurs d’emplois du Québec, presented a painting to President and CEO, Emilio B. Imbriglio, to honour the firm and recognize Emilio’s commitment to communities and to representing the interests of the business community.

During the gala, a video highlighting the firm’s dynamism was projected. These highly appreciated honours are a testament to Raymond Chabot Grant Thornton’s solid reputation thanks to its talented team present in the four corners of the province and the quality services it has been providing since 1948.

Raymond Chabot Thornton has been a proud partner of the Prix créateurs d’emplois since it was created last year.

Emilio B. Imbriglio honoré aux Prix Créateurs d'emploi 2018

Gala Prix Créateurs d'emploi 2018: Emilio B. Imbriglio et le premier ministre du Québec François Legault

Gala Prix Créateurs d'emploi 2018

Next article

19 Oct 2018

Benefit from tools for a successful business transfer.

Raymond Chabot Grant Thornton is an entrepreneurial succession leader with the requisite knowledge to support your business transfer process.

There are several key steps in a business transfer process, including:

  • Defining the project and the human issues;
  • Determining the business’s value;
  • Determining and managing risk;
  • Obtaining financing;
  • Concluding the transaction.

Raymond Chabot Grant Thornton can support you throughout the process, such as identifying the human issues and recommending the appropriate professionals to meet your needs.

Do you think it’s too soon to start thinking about a successor for your business? By beginning to think about the process now with our professionals, you can identify qualified successors to ensure your business’s continuity, understand intergenerational differences and anticipate the tax impacts and financing needed. You’ll have the benefit of a successful transfer and peace of mind.

Find out more about the various risks and the available solutions to ensure a successful business transfer. View the advice below or contact an expert.

Find out more by attending our next conferene on the topic : How do you know what your business’s fair value is?

Next article

19 Oct 2018

Cultivate your knowledge and master agricultural taxation like a pro.

When it comes to tax, you can’t be out in left field! To get a clear understanding of the various programs, eligible expenses, deductions and insurance available, call on our experts to guide you in your business’ growth.

Don’t miss out on the investment tax credits that could boost your business to the next level.

What’s changed in your taxes

There have been changes in capital assets that qualify for tax deductions over the years. Our experts have been monitoring the developments to keep you informed about the changes to make in your annual income tax returns in order to maximize your net income.

Can’t see the forest for the trees? Discover how to:

  • create a winning business plan;
  • adapt the way salaries are paid based on tax rates;
  • purchase land or a quota for a good price;
  • select the best way to register your company to meet your needs;
  • find innovative financing strategies;
  • define the ideal age for selling;
  • carry out an intergenerational transfer;
  •  plan a comfortable retirement;
  • develop a vision of the business’s future;
  •  identify the advantages and disadvantages of a progressive repurchase;
  • prevent potential conflicts when sharing the business amongst your children;
  • undertake financial transactions that benefit both the seller and buyer;
  • transfer your knowledge and expertise.

How to carry out your accounting

Do you live on the land where you do business? Differentiate between property that is part of business tax and personal tax. Explore whether it is more advantageous to pay rent to your business. Certain types of vehicles can be tax-deductible or amortized and specific rules must be followed for their use. It might even be worth paying your children a salary if they start working for you. Clearly, a win-win option!

Ready for the next step?

Your days are full and Mother Nature doesn’t take any days off, but you’d like to take a well-deserved rest some day. To plan your business’s transfer, your succession or retirement, it’s better to start early. A detailed and realistic timetable will allow you make the most of it.

Our team is as dedicated to its work as you are to your farm. Discover our expertise!

Being entrepreneurs in the farming industry is a source of pride for the two, hard-working owners of the Régika dairy farm. Jocelyn Lavoie, assurance expert at Raymond Chabot Grant Thornton, supports them thanks to his skills and knowledge of the agricultural industry.