15 Jan 2019
Éric Lebel
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

Higher interest rates are impacting debt levels and an increase in the number of insolvency cases across Canada, and particularly in Quebec, has been noted.

Éric Lebel, Raymond Chabot Grant Thornton Partner and Licensed Insolvency Trustee, provided personal finance advice on Mario Dumont’s program broadcast on LCN on January 9, 2019.

Éric noted that there is always a time lapse between an increase in interest rates and declarations of bankruptcy.

The situation is made worse because of the easy access to credit. The financial recovery consultant provided a number of tips to improve personal finance management. He emphasized the need for a budget and invited listeners to consult the Raymond Chabot site.

He believes that the debt ratio should not be more than 30% of the budget and suggests that listeners develop sound consumption habits within their budget.

Lastly, he suggests that people have only one credit card or even just a debit card to limit their level of indebtedness.

View the interview on the LCN site (in French).

Contact a recovery and insolvency expert for a free, confidential consultation.

15 Jan 2019  |  Written by :

Éric Lebel is a partner at Raymond Chabot Grant Thornton. He is your expert in recovery and...

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15 Jan 2019
Éric Lebel
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

Raymond Chabot Grant Thornton Announces a Major combination in Québec City

QUÉBEC CITY, January 15, 2019. Raymond Chabot Grant Thornton announces it is joining forces with Laberge Lafleur Brown s.e.n.c.r.l. (hereafter “LLB”).

Recognized for their personalized assurance, tax and consulting services approach for 35 years, 25 experts of the LLB team will be joining Raymond Chabot Grant Thornton in the greater Québec City region. This is the largest transaction of this type that Raymond Chabot Grant Thornton has undertaken in the National Capital region.

Mario Morin, CPA, CA, Raymond Chabot Grant Thornton Partner and Regional Vice-President stated: “LLB’s client and employee first approach is a great complement to our firm’s growth strategy. We’re very pleased that a top-flight firm such as LLB has chosen to associate itself with us in order to enhance its clients’ experience. As the largest accounting firm in the greater Québec City region, this combination will allow our teams to strengthen our position as a force to be reckoned with.”

Jean Brown, CPA, CA, LLB Managing Partner said: “We are very pleased to join forces with a firm that has solid network of accounting experts and business advisors who focus on tailored, market-driven services with a human approach. The news about the combination has sent a buzz of excitement within the community and we’re thrilled to be part of this. We are confident that we have found a strategic partner in Raymond Chabot Grant Thornton that shares our values and those of our clients.”

Visionary entrepreneurs and those undergoing change will now have access to an expanded group of talented experts to help them grow their business.

LLB will carry on their activities under the Raymond Chabot Grant Thornton name from their current location at Place de la Cité, Tour Belle Court, 2590 Laurier Blvd., Suite 1060, in Québec City.

About Laberge Lafleur Brown s.e.n.c.r.l.

Laberge Lafleur Brown s.e.n.c.r.l. has been developing and cultivating strong ties with its client for 35 years, providing efficient and personalized accounting, assurance, tax and financial advisory services. Located in Québec City, the organization promotes a collaborative approach where the needs and objectives of its clients are at the forefront. This desire to support businesses in their growth is reflected in attentiveness and a sustained presence, as well as cutting-edge expertise as a privileged business advisor. This proximity fosters building lasting business relationships and developing solutions that contribute to the success of companies.

About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton has become a Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization, with more than 2,500 professionals, including approximately 200 partners. Together, Raymond Chabot Grant Thornton and Grant Thornton LLP, another Canadian member firm of Grant Thornton International Ltd, comprise more than 4,400 professionals and close to 170 offices across Canada to help Canadian organizations achieve their full growth potential both locally and globally. Grant Thornton International Ltd provides clients with the expertise of member and correspondent firms across more than 135 countries with more than 50,000 professionals.

Source and information:

Carole-Anne Dugré
Regional Manager ‒ Marketing, Communications and Business Development
Raymond Chabot Grant Thornton
Telephone: 418-647-6635
Email: [email protected] [email protected]

Francis Letendre
Head – Public Affairs
Raymond Chabot Grant Thornton
Telephone: 514-390-4201
Email: [email protected]

15 Jan 2019  |  Written by :

Éric Lebel is a partner at Raymond Chabot Grant Thornton. He is your expert in recovery and...

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10 Jan 2019
Éric Lebel
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

In his Les Affaires blog, Daniel Germain addresses the thorny issue of inheriting a stock portfolio.

From a tax perspective, the issue is complicated, however, there are options available to the estate. Before making any decisions regarding the shares, the executor should prepare an overview of the situation with the assistance of an accountant experienced in preparing estate tax returns. The capital gains on the stock portfolio could trigger significant taxes payable.

Luc Lacombe, Tax Expert for our firm says, “The tax authorities consider that there is a deemed disposition of all of the person’s property at the time of death, including the stock portfolio.”

Each estate is different. Daniel Germain invites heirs to call on tax advisors who specialize in this area to determine the best solution for their particular situation.

For more information, read the article on lesaffaires.com.

15 Jan 2019  |  Written by :

Éric Lebel is a partner at Raymond Chabot Grant Thornton. He is your expert in recovery and...

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10 Jan 2019
Éric Lebel
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

Grant Thornton Releases its Global Results and Announces Record-breaking Revenue Growth of 9.4% in 2018.

Grant Thornton, the global organization, whose member firms include Raymond Chabot Grant Thornton, published its global results on January 9, 2019 and announced record-breaking revenues of US$5.45B for the fiscal year ended September 30, 2018.

Highlights of the results of the global organization’s member firms are presented below:

  • The global organization recorded growth of 9.4%, the highest in six years.
  • The number of people grew by 6.3% to 52,686 professionals in over 130 countries.
  • The Americas are the largest market with revenues of US$2.5B, followed by Europe with US$1.75B.

Peter Bodin, President and CEO of Grant Thornton International Limited stated: “Despite growing uncertainty in many markets this year from political upheaval and rising trade tensions, Grant Thornton’s robust growth is a solid basis for the next-generation professional services organization.”

Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton, congratulated the global organization’s member firms for their leadership and mentioned his pride in the 2,500 professionals of Raymond Chabot Grant Thornton whose efforts contribute to these positive results.

He stated: “Our firm is the fourth largest accounting firm in the global organization and is very pleased to contribute to this international success. Our firm’s integrated service offering as well as Grant Thornton’s worldwide network allow us to support local businesses in their growth, on national or international stage. We will maintain our leadership role in this successful global organization dedicated to supporting the growth of businesses around the world while continuing to offer high quality services to our valued clients who have placed their trust in us for 70 years.”

Read the press release announcing the 2018 results of the Grant Thornton global organization.

15 Jan 2019  |  Written by :

Éric Lebel is a partner at Raymond Chabot Grant Thornton. He is your expert in recovery and...

See the profile