05 Oct 2015

Montréal, October 5, 2015 – Raymond Chabot Grant Thornton is very proud to present the Mercure Entrepreneuriat award for a third consecutive year as part of the prestigious Fédération des chambres de commerce du Québec’s (FCCQ) 2016 Mercuriades competition.

“Our firm is a choice supporter of dynamic organizations. For more than 65 years, we have been continually motivated to make them more visible and enable them to unlock their full potential for growth. The success of our wealth-creators deserves to be recognized. This is why Raymond Chabot Grant Thornton is pleased to reward those who have implemented development measures to promote the growth and innovation of their business”, said the firm’s President and CEO, Emilio B. Imbriglio.

The Mercure Entrepreneuriat – Raymond Chabot Grant Thornton is awarded to SMEs and large enterprises. It is intended to reward a business’s growth strategy that was designed to achieve the organization’s full potential. Such growth must be planned to ensure the business’s sustainability over time and must be part of carefully thought-out planning, such as is needed with new market developments, mergers & acquisitions or product turnarounds.

“We invite entrepreneurs from SMEs and large enterprises to apply in great numbers. Their success contributes to the entire province’s success. We owe it to ourselves to highlight their strong contribution to our society’s expansion”, added Mr. Imbriglio.

To find out all about the FCCQ’s 2016 Mercuriades, particularly the various competition categories, including Entrepreneuriat Raymond Chabot Grant Thornton, or to apply, go to www.mercuriades.ca. There are no registration or application fees. The deadline to apply is December 18, 2015.

About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton (rcgt.com) has become a leader in the fields of assurance, tax, consulting services, and business recovery & reorganization. Its strength is based on a team of over 2,500 people, including some 230 partners. Together, Raymond Chabot Grant Thornton and Grant Thornton LLP, another Canadian member firm of Grant Thornton International Ltd, help dynamic Canadian organizations unlock their potential for growth with over 4,300 people and some 140 offices across Canada. Grant Thornton International Ltd provides clients with the expertise of member and correspondent firms in more than 130 countries, with over 40,000 people.

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Source:

Francis Letendre
Senior Consultant – Public Relations
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
letendre.francis@rcgt.com

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02 Oct 2015

According to the CROP survey conducted by Raymond Chabot Grant Thornton, nearly one in two Quebecers could not survive a month if they lost their job

 Éric Lebel, Recovery & Reorganization Partner at Raymond Chabot Grant Thornton, contributed to an article in the October edition of Coup de pouce magazine, analyzing the dangerous situation of a large number of Quebecers who live “from paycheque to paycheque”. He offers advice to prevent this risk situation and manage personal finances properly.

Quebecers with fragile finances…

Nowadays, consumption is no longer restrained by our income, savings are rare, and recourse to borrowing to finance our needs and desires has become commonplace. However, this lifestyle, disconnected from our real income, can have serious consequences. According to the 2014 report of the Office of the Superintendent of Bankruptcy Canada, the number of insolvency cases reached 43,891, a 4% increase compared to 2013.

The CROP poll published by Raymond Chabot Grant Thornton last April reveals that 41% of Quebecers consider their personal finances are fragile. The situation for the 18 to 44 age group is even more precarious. Half of them consider their personal finances are fairly or very fragile. Under these conditions, saving becomes difficult: 4 in 10 Quebecers declare they never save. Yet without savings, people are very vulnerable to the unexpected.

Sticking to your budget

From Éric Lebel’s point of view, savings are the best way to have peace of mind regarding your personal finances. He explains that there is no miracle solution to be able to save: you have to make a budget and stick to it.

Making a budget doesn’t mean you can’t have fun anymore. If a budget is too strict, it won’t be respected. The planning exercise must include a “fun” expense item. When you want to indulge yourself (clothing, restaurants, trips…), you will “take money from this envelope instead of going deeper to debt on your credit card,” the expert explains.

To learn more, see the article in the October issue of Coup de pouce magazine.

 

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30 Sep 2015

 

The L’Ensemblier clothing chain operating in Eastern Quebec and Northern New Brunswick is closing all its stores. The company had been in the process of a major restructuring for a year. 125 employees are losing their jobs. Stéphane Gauvin, Partner and Trustee responsible for the file, comments on Radio-Canada.

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25 Sep 2015

On September 24, 2015, Raymond Chabot Grant Thornton and Altium Wealth Architecture Inc. reached an agreement on a transaction to enable Altium’s team, under Sam Younès, President and Chief Executive Officer, to benefit from greater independence and operational flexibility. Accordingly, Raymond Chabot Grant Thornton has ceded its interest to the Altium team, whose members will become the sole shareholders.

The mutually agreed upon transaction was concluded mainly because Altium has achieved a significant level of maturity, with close to $500M in assets under supervision, and requires greater operational agility and autonomy. In Raymond Chabot Grant Thornton’s case, the decision stems from the will to provide Altium with the requisite leeway to achieve its objectives.

The current team will continue to apply the high quality standards its clients have come to expect since it began operations. Altium will remain at its current location (Suite 2000, 600 De La Gauchetière Street West, Montréal) until November 2015 and will then relocate in downtown Montréal (more details will be posted on the Altium website: www.altium.ca).

Raymond Chabot Grant Thornton wishes Altium the continued success they deserve, as they continue to grow and unlock their full potential.

For more information:
Francis Letendre
Senior Consultant, Public Relations
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
letendre.francis@rcgt.com