28 Jan 2021

We are very proud to introduce our new partners, outstanding individuals in our firm serving local businesses.

Nathalie Ackad – Assurance – Nord-du-Québec and Montréal
Yannick Bourassa-Milot – Recovery and reorganization – Laval
Ayman Chaaban  – Recovery and reorganization – Montréal
Chantal Gravel – Assurance – Québec
Mélanie Labrecque – Assurance – Estrie
Pierre- Charles La Haye – Assurance – Outaouais region
Véronique Lalonde – Recovery and reorganization – Gatineau
Éric Mathieu – Assurance – Estrie
Audrey Morin – Assurance – Trois-Rivières
Jean-François Plourde – Tax – Montréal
Annie Rainville – Assurance – Estrie
Pascale Richard – Tax – Bas-Saint-Laurent/Gaspésie
In Sunwoo – Financial adivsory – Montréal
Mylène Tétreault – Tax – Québec region
Sophie Trépanier – Tax – Québec

Congratulations to all of our new partners!

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09 Dec 2020

Bill 42, introducing a new mandatory disclosure mechanism for nominee agreements in Québec1 received assent on September 24, 2020.

As a result, nominee agreements entered into in the context of a transaction involving tax consequences must now be disclosed to Revenu Québec, in the form and manner prescribed for that purpose.

Nominee agreements entered into before September 24, 2020 must be disclosed by December 23, 2020, i.e. 90 days after Bill 42 received assent.

Failure to comply with the new disclosure requirement will result in penalties up to $5,000, as well as the suspension of the limitation period on assessments.

Filing deadlines

Nominee agreements entered into after May 16, 2019 must be disclosed to Revenu Québec on the later of the following dates:

Nominee agreements must be disclosed by December 23, 2020.

  • The 90th day following the conclusion of the nominee agreement; or
  • December 23, 2020, i.e.the 90th day following the day Bill 42 received assent.

Parties to such an agreement entered into before May 17, 2019 are also required to file a disclosure by these deadlines at the latest, to the extent that the tax consequences of the transaction or series of transactions in respect of which the agreement relates continue after May 16, 2019.

If you are a member of a partnership that is party to such an agreement, you are also subject to the disclosure requirement.

Disclosure requirement

The disclosure must be made through a Form TP-1079.PN-V, sent under separate cover by registered mail. It shall include all information required therein, including the following:

  • The date the nominee agreement was entered into;
  • The identity of the parties to the nominee agreement;
  • A full and sufficiently detailed description of the facts of the transaction or series of transactions to which the nominee agreement relates and the identity of any person or entity for which such transaction or series of transactions has tax consequences.

Do not hesitate to contact your Raymond Chabot Grant Thornton advisor who can help you determine which measures apply to your situation and assist you with the steps needed to comply with them.

1As announced by the Québec Ministry of Finance in Information Bulletin 2019-5 released on May 17, 2019.

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27 Nov 2020

The results for the 2020 CFE for chartered professional accountants were released on Tuesday, November 27, 2020.

Congratulations to our future CPAs on having passed this rigorous professional evaluation:

Bélanger, Myriam
Benzid, Fetta
Bernier, William
Bérubé, Pierre-Luc
Bibeau, Mathieu
Boisvert, David
Boutin, Any-Claude
Breton, Rosalie
Chalifour, Heidi
Côté-Dumais, Jeanne
Couture, Charles-Olivier
Custeau, Patricia
Danis, Meghan
Dejulliot Virginie
Desjardins, Carl
D’Onofrio, Alessandra
Dorval, Jérôme
Dufresne, Simon
Dugas, Sébastien
Duval, Florence
Fahmoune, Kenza
Farhood, Myriam
Fiset, Émilie
Fronteddu, Laurent
Gagnon Bouchard, Antoine
Gaudreau, Jean-Christophe
Génier, Claudia
Gravel, Kim
Guévin, Frédéric
Hébert, François
Joly, Mélanie
Juneau, Anthony
Kaur, Saran
Lachance, Élise

Lacharité, Audrey
Landry, Samuel
Latrach, Hanaa
Lefebvre, Thomas
Lemire, Vincent
Lépine, Nathalie
Lessard, Félicia
Limoges, Yanik
Louis Seize, Chloé
Mailhot, Pierre-Alexandre
Mailloux, Louis-Philippe
Mailloux, Marjorie
Mailloux, Sandrine
Morissette, Mélanie
Nadeau, Sophie
Nkaye, Antoine
O’Shaughnessy, Rose
Perron, Cynthia
Plamondon, Audrey
Poirier, Benoit
Poirier, Samuel
Poulin, Dannick
Prémont, Antoine
Richer, Danick
Rousseau, Jonathan
Roy-Lemay, Jonathan
Russo, Kayla
Sanche-Mayer, Rose
Sardella, Danny
St-Laurent, Karol-Anne
Thibault, Charles
Thiboutot, Caroline
Trudel, Martin
Vlassopoulos, Vlassis

Congratulations to all and enjoy a prosperous career at Raymond Chabot Grant Thornton! We are very proud of having you on board with us.

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20 Nov 2020

Updated December 22, 2021

The Canada Emergency Rent Subsidy (CERS) is a program similar to the one offered under the Canada Emergency Wage Subsidy (CEWS).

It allows eligible entities that have experienced a drop in revenue to receive assistance with respect to expenses incurred in connection with leasing or owning property in connection with their activities.

On October 21, 2021, the government announced introduction of the Tourism and Hospitality Recovery Program (THRP) and the Hardest-Hit Business Recovery Program (HHBRP). These new programs would be in effect from October 24, 2021 to May 7, 2022 and would provide rent and wage subsidies for certain selected struggling businesses. These subsidies, which are similar to the CEWS and CERS, could cover as much as 75% of eligible expenses under the THRP and 50% under the HHBRP.


Additionally, support equivalent to that under the THRP would also be available for organizations in all industries that are subject to public sector restrictions.

Eligible entities can apply for the CERS or modify a previous claim no later than 180 days following the end of the qualifying period. They must make every effort to submit or change a claim before the applicable deadline, but in some circumstances, the CRA may authorize a late (initial or changed) claim.

The deadline to claim the CERS for Period 11 (July 4 to July 31, 2021 ) is January 27, 2022.

An authorization request to file a late CERS claim (new or modified) must be submitted to the CRA no more than 30 days after the end of the applicable deadline for the application period.

Our experts are trained to assist you in the analysis of the eligibility criteria for the CERS and for the preparation of your application. They will be able to help you make informed choices, particularly as to the methods for calculating the revenue reduction test. With their advice, you can maximize the amounts claimed while limiting your risk of dispute in this regard. Don’t hesitate to contact your advisor to discuss it.

To learn more regarding this subsidy, please read our tax news, which is regularly updated. You will also find information on HHBRP and THRP.