10 Oct 2017
Éric Julien
Partner | LL.B., LL.M. FISC. | Tax

American giant Netflix has entered into an agreement with the federal government to invest $500 million over the next five years in Canada, but will it be eligible for tax credits in Canada? According to our experts Éric Julien, Canadian tax Partner, and Alexandre Laturaze, Tax Manager, the answer is Yes! Netflix will qualify, like any foreign producer, for federal and provincial tax credits for film production services.

$500M or $320M?

Will Netflix have to pay taxes in Canada to benefit from these tax credits? Are all film/TV series producers eligible for these credits? To know more about the Netflix case and related potential tax impacts, read the article published in La Presse+ on October 4, 2017!

 

10 Oct 2017  |  Written by :

Mr. Julien is a partner at RCGT. He is your expert in taxation for the Montréal office. Contact him...

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06 Oct 2017
Éric Julien
Partner | LL.B., LL.M. FISC. | Tax

For the fourth year in a row, the partners and employees at the Rivière-du-Loup office rallied together to participate in Défi Everest, a fund-raising event for various youth organizations.

Support for 2021 Quebec Winter Games

What is special about this challenge is that participating teams can choose the organization that will receive the money they raise. This year, the Rivière-du-Loup office decided to support its city, which will host the 2021 Quebec Winter Games.

Rivière-du-Loup Partner and office Manager Donald Savard said, “Rivière-du-Loup was the very first city to host the Quebec Games when they first began more than 40 years ago. In 2021, it will be the 50th anniversary of the Games; we are twice as proud that our city will be hosting 50 years later!”

There are considerable economic spinoffs from such an event for the city and local businesses because of the number of tourists, spectators and participants who visit.

Donald adds enthusiastically, “The Quebec Games promote healthy lifestyle choices for young people and represent a genuine springboard for the Quebec sport elite. We are proud to be associated with this cause!”

Climbing Everest… in Rivière-du-Loup!

Again this year, our climbers at the 2017 Défi Everest climbed Saint-Pierre hill a total of 150 times, which represents over 8,848 meters, that is, the height of Mount Everest.

Congratulations to Josianne Rioux-Desjardins and her team:

Front row: Michel Sirois, Jérémie Normand, Marguerite Dion, Miguel Ouellet, Johanne Drapeau, Marilyne Dumas, Marie-Claude Landry and France Plourde. Back row: Jean Bernier, Jonathan D’Amours, François Dubé, Jean-François Houde, Josianne Rioux-Desjardins, Pascale Belzile and Keven Lévesque. N.B. Renée-Jeanne Belzile also took part in the challenge but on another team.

 

10 Oct 2017  |  Written by :

Mr. Julien is a partner at RCGT. He is your expert in taxation for the Montréal office. Contact him...

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06 Oct 2017
Éric Julien
Partner | LL.B., LL.M. FISC. | Tax

On September 26, 2017, Raymond Chabot Grant Thornton President and CEO, Emilio B. Imbriglio, visited several Eastern Township cities to meet the region’s talented people, including some fifty Granby, Bromont and Cowansville office employees. The employees had been invited to the Granby office for a very productive, casual breakfast meeting with Emilio.

On the heels of this enjoyable meeting with colleagues in Granby, Emilio visited some of the vibrant businesses that are a source of great pride in this vast and beautiful region (Artopex in Granby and Enviro 5 in Roxton Pond).

Ideas to stimulate the economy

Under the theme Oser : pour un Québec plus compétitif, Emilio then addressed some 100 business people and elected officials from the region at the Chambre de commerce de Brome-Missisquoi, where he shared some of the ideas the firm considers crucial to boost the performance of Quebec businesses and Quebec’s prosperity.

President and CEO, Emilio B. Imbriglio, with elected officials from the region, Mélanie Gobeil, Director General of the Chambre de commerce de Brome-Missisquoi, Marc Legendre, Partner and Coordinator of the firm’s offices in the region, (second last to the right) and Guy Fauteux, Eastern Townships Region Vice-President (on the far right).

Emilio said, “[…] Yes, our economy is faring better. The GDP is up and unemployment is down. The challenge now is to successfully ride this wave of growth. We seem to be going in the right direction… but, collectively, we need to be bold, to continue working for the prosperity of Quebec and its wealth creators”.          

Here are some of the measures Emilio proposes; in many cases, we’ve already taken public positions on these in recent years and they’ve been the topic of numerous speeches.

  • Abolish corporate income tax on the first $500,000 of an SME’s taxable income, provided that the savings be invested in productivity, employment and innovation in a manner that avoids abuse. Investments could be subject to accelerated CCA, possibly grossed up in the year.
  • Set up a fund to support businesses so they can call upon professionals to support their business transfer and successor development process.
  • Adopt business transfer tax equity measures for all businesses in all industry segments in Canada. The federal government should act promptly in this respect. While tax equity now exists in Quebec, the provincial government should nevertheless eliminate the restrictions on business sellers, in particular the requirement to undertake a complete transfer and to have no interest in the business after the sale.
  • Introduce an innovation tax credit, with a less restrictive criteria than those for R&D, to help SMEs increase their technology and marketing investments and fuel their growth.
  • Undertake savings and credit consumer awareness radio and television campaigns, similar to: Don’t Drink & Drive, Smoking Kills, Don’t Text & Drive.

10 Oct 2017  |  Written by :

Mr. Julien is a partner at RCGT. He is your expert in taxation for the Montréal office. Contact him...

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05 Oct 2017
Éric Julien
Partner | LL.B., LL.M. FISC. | Tax

The Canada FinTech Forum, presented for the 5th consecutive year, will take place in Montréal on October 10 and 11, 2017 and Raymond Chabot Grant Thornton’s expertise will be showcased before some 1,500 expected participants.

President and CEO, Emilio B. Imbriglio, will lead the “Development of fintech ecosystems in world’s financial centres: different approaches to building buzz” panel. Also, Jonathan Hamel, CEO and Co-founder of Catallaxy, will give a conference on “Blockchain / Bitcoin, A Decentralized Revolution” while Francis Pouliot, Co-founder of Catallaxy and cryptographic research and assets specialist, will be one of the experts participating in the conference on “Smart contracts and financial services: A discussion on the transactional application of blockchain”. To complement our experts’ visibility, the firm will host a networking cocktail to end the forum.

Implementing a technological shift for clients

To carve a leading position in the use of artificial intelligence in financial services, Raymond Chabot Grant Thornton undertook a major technological shift last year by launching several solutions based on new technologies. Remember that the firm partnered with three young entrepreneurs to create Catallaxy, a blockchain expertise centre based in Montréal that will invest in the research, development, training and marketing of blockchain technology.

About Canada FinTech Forum

The Canada FinTech Forum is a unique annual gathering organized by Finance Montréal whose primary objective is to identify and develop business opportunities for the global financial services and information technology industries. For more information or to consult the event program, go to http://www.fintechmontreal.com/.

10 Oct 2017  |  Written by :

Mr. Julien is a partner at RCGT. He is your expert in taxation for the Montréal office. Contact him...

See the profile