07 Nov 2019

A New Strategic Education and Business Partnership, the Industrial Research Chair in Blockchain Technologies, is launched

MONTRÉAL, November 7, 2019Concordia University, Raymond Chabot Grant Thornton and its blockchain technology subsidiary, Catallaxy, with the financial support of the Natural Sciences and Engineering Research Council of Canada (NSERC), have joined forces to create the new Raymond Chabot Grant Thornton-Catallaxy-Concordia-NSERC Industrial Research Chair in Blockchain Technologies.

This innovative partnership will combine the talents of business analysts, accountants, software developers, engineers and graduate students to conduct studies and analyses to assess blockchain technologies and their impacts, specifically regarding current financial regulations.

With budget of more than $1.38M for the next five years, this first blockchain research chair in Quebec will, among other things, document the positive impacts of blockchain technology on financial infrastructure, evaluate its potential applications and consider how to manage its use, particularly with cryptocurrencies, in a constantly evolving technological world.

The Chair will also address the governance of these new technologies, thereby helping to protect Canadian investors and consumers. Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton says:

“Our partnership with Concordia will allow Catallaxy and Raymond Chabot Grant Thornton to deepen our knowledge and enrich our interventions by working with a talented team of brilliant university researchers. This rich academic expertise will allow our firm to be at the technological forefront while meeting the growing and changing needs of local organizations and supporting their growth.”

Louis Roy, Catallaxy President and Assurance Partner, is proud to be associated with the talented researchers at Concordia University. “The work of this new research Chair will enable us to make significant progress in the audit of digital assets and blockchain. At Catallaxy, we create tools to assist our auditors in advising organizations about the new technological and financial realities. This Chair will allow us to explore innovative approaches in order to maintain the highest quality standards.”

Raymond Chabot Grant Thornton-Catallaxy-Concordia-NSERC Industrial Research Chair in Blockchain Technologies and Associate Professor at the Concordia Institute for Information Systems Engineering in the Gina Cody School of Engineering and Computer Science, Jeremy Clark, is pleased to be able to count on the collaboration of a major professional services firm that is constantly innovating by developing technological solutions for local businesses.

He adds: “Our objective in working closely with Raymond Chabot Grant Thornton and Catallaxy experts is to achieve results that are useful in meeting industry needs. Our research will address cases specific to current and future challenges related to financial technologies and audit systems.”

Chaire Concordia RCGT blockchain

About Raymond Chabot Grant Thornton

Raymond Chabot Grant Thornton is a professional services firm dedicated to the success of organizations and their leaders since 1948. The firm’s advisors are committed to helping clients thrive by obtaining a deep understanding of what is important to them, their business and their industry. This knowledge combined with a team of motivated and talented professionals help accelerate growth. A Quebec and Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization, Raymond Chabot Grant Thornton boasts more than 2,600 professionals, including approximately 200 partners, working in over 100 offices across the province of Quebec and in the Ottawa and Edmundston regions.

Together with Grant Thornton LLP, another Canadian firm, and the Grant Thornton global organization, our global footprint spans across more than 135 countries with over 53,000 people who provide real insight, a fresh perspective and agility to keep clients moving ahead.

About Catallaxy

Catallaxy, a Raymond Chabot Grant Thornton subsidiary, develops data authentication solutions. It has a group of experts in innovative technologies, such as cryptographic data analysis, blockchain, tokenization and artificial intelligence to develop targeted products and services that can help build trust in a digital economy. With more than 15 experts based in Montréal and nearly 50 strategic partners around the world, Catallaxy advises organizations on the transition to blockchain technology and other blockchain projects.

About Concordia University

As a next-generation university, Concordia reimagines the future of higher education on a continual basis. Located in the vibrant and multicultural city of Montreal, Concordia is among the most innovative universities in its approach to experiential learning, research and online education.

Source:
Francis Letendre
Head – Public Affairs Raymond Chabot Grant Thornton
Tel.: 514-390-4201
[email protected]

Fiona Downey
Senior Advisor, Public Affairs and Deputy Spokesperson
Concordia University
Tel.: 514-848-2424 ext. 2518
[email protected]

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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.