27 Sep 2018
Emilio B. Imbriglio
President and Chief Executive Officer | FCPA, FCA, MBA, CFE, ICD.D.

Raymond Chabot Grant Thornton partners with John Molson School of Business to launch a new contest: Person of the Year Awards

Real networking opportunities between academia and the business community in Québec

Montréal, September 27, 2018—Raymond Chabot Grant Thornton and Concordia University’s John Molson School of Business are proud to launch the first edition of the Person of the Year Awards. This contest, created to mark the 70th anniversary of Raymond Chabot Grant Thornton, aims to celebrate business people who contribute to the development of visionary local businesses and the rise of up-and-coming talent throughout Québec.

The Person of the Year Awards are designed to create real networking opportunities between academia and the business community, including giving students at John Molson School of Business the chance to meet with established leaders.

“Raymond Chabot Grant Thornton believes that great leaders are passionate people who use their talents to advance Québec and contribute to the growth of our economy,” says Emilio B. Imbriglio, President and Chief Executive Officer of Raymond Chabot Grant Thornton. “They actively participate in the advancement of their profession, their industry and the next generation. We have been proud to support local leaders in their accomplishments for 70 years now, and this is why we want to honour them today with the Person of the Year Awards.”

Anne-Marie Croteau, Dean of Concordia University’s John Molson School of Business, says: “The Person of the Year Awards are unique because they inspire students at John Molson School of Business. Our mission is to make our programs as challenging and practical as possible so that our graduates are ready to contribute to Québec’s economy and social development,” She adds: “This partnership between Raymond Chabot Grant Thornton and John Molson School of Business makes these efforts even more concrete and relevant to our future leaders.”

A diverse selection committee

This collaboration builds on the strength of both organizations’ respective networks, which is reflected in all aspects of the contest, including its jury, made up of both Québec business leaders and experts from academia. MBA and MBA Executive students will also be involved in analyzing submissions.

The jury comprises the following members:

Engaged students

Following the contest, students from John Molson School of Business will have the opportunity to participate in an “innovation immersion” project led by Raymond Chabot Grant Thornton and its subsidiary Catallaxy, a blockchain technology firm. Recipients of the Person of the Year Awards will assume a mentoring role. The project aims to promote inspiring meetings and will be closely linked to the technologies that influence the business world, including blockchain, artificial intelligence and Industry 4.0.

Mentoring in the spotlight

In all categories of the Person of the Year Awards, mentoring is one of the key criteria of the contest, which reflects the values advocated by Raymond Chabot Grant Thornton and John Molson School of Business. Both organizations strongly believe in the need for the leaders of today and tomorrow to be involved in their community.

The categories

The Person of the Year contest recognizes both established and up-and-coming leaders as well as those working behind the scenes who make a difference, whether through innovation, international development, strategic transactions or the strength of their leadership.

  • Eclipse: “A leader who moves the market or creates a brand new one.”
  • Glocal: “A leader who has created local success through international activities.”
  • Instinct: “A team responsible for an innovative and complex transaction that ensures the development and growth of a local leading-edge business.”
  • Person of the Year: “A leader who, through his or her vision and leadership, has taken his or her organization to another level.”

Key dates

Nominations will be submitted between September 26 and December 20, 2018. Names of the 16 finalists will be announced in February 2019, and the four winners will be announced at a grand gala to be held on May 9, 2019, in Montréal.

To find out more about the criteria and the selection process as well as the key dates to submit your nomination or nominate someone else, visit www.rcgt.com/awards.

About Raymond Chabot Grant Thornton
Founded in 1948, Raymond Chabot Grant Thornton (rcgt.com) 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 and more than 50,000 professionals.

About John Molson School of Business
Concordia University’s John Molson School of Business is one of the largest business schools in the world. Focused on academic excellence, John Molson School of Business provides an engaging learning and research environment that inspires us to go beyond the commonplace for the development of business and society. Accredited by the Association to Advance Collegiate Schools of Business since 1997, John Molson School of Business offers programs at the undergraduate, graduate and doctoral levels. John Molson School of Business’s internationally renowned faculty members are constantly pushing the boundaries of business research, and its experiential learning activities provide students with hands-on training that complements classroom instruction. The school’s state-of-the-art facilities are housed in the LEED Silver-certified John Molson School of Business Building, the vibrant green centre of Concordia University’s Sir George Williams Campus in downtown Montréal.

Source:
Raymond Chabot Grant Thornton and John Molson School of Business

Media requests:
Frédérick Truchon-Gagnon
[email protected]
438 350-1001

27 Sep 2018  |  Written by :

Mr. Imbriglio is partner and the President & CEO of Raymond Chabot Grant Thornton. He is in charge...

See the profile

Next article

26 Sep 2018
Emilio B. Imbriglio
President and Chief Executive Officer | FCPA, FCA, MBA, CFE, ICD.D.

Despite what many might think about cryptocurrency, it’s undeniable that it’s fascinating and sparks debate and interest in the business world and general public alike.

Though we may be years away from the mass adoption of cryptocurrency and it’s still very difficult to pay your grocery bill with bitcoins, cryptocurrency is already subject to Canadian tax laws.

Those who thought they could have it both ways are in for some surprises. “Regardless of the type of transaction, one thing remains true: every one of these transactions (exchange, disposal or transfer) results in a disposal for tax purposes that could trigger a taxable profit in Canada and GST/QST tax impacts”.

To learn more about taxes and cryptocurrency, consult the article published by Cryptonews (in French) on September 19, 2018.

27 Sep 2018  |  Written by :

Mr. Imbriglio is partner and the President & CEO of Raymond Chabot Grant Thornton. He is in charge...

See the profile

Next article

24 Sep 2018
Emilio B. Imbriglio
President and Chief Executive Officer | FCPA, FCA, MBA, CFE, ICD.D.

Raymond Chabot Grant Thornton is pleased to congratulate Metro Supply Chain Group Inc. (“Metro”) for the successful growth capital investment by Caisse de dépôt et placement du Québec (“CDPQ”).

Metro is a Canadian-owned leading provider of third-party logistics services across North America and Europe with more than 6,000 associates. It supplies customized services to all industries with a significant presence in the consumer-packaged goods, retail, automotive, fashion and e-commerce sectors.

Metro will use CDPQ’s capital to pursue its accelerated growth strategy, having recently acquired U.S.-based National Fulfillment Services and launched a national last-mile delivery solution, Metro to Home.

Metro CEO Chiko Nanji “Metro has always been focused on growing in directions that add value to our offerings and keep our customers competitive in a changing world,” he explains. “This arrangement provides available capital in support of that objective. Having the right financial partners to support our growth is critical and CDPQ is regarded as a high-calibre global investor.”

Raymond Chabot Grant Thornton acted as exclusive financial advisor to Metro Supply Chain Group.

“RCGT was instrumental in securing this deal and provided critical assistance and invaluable advice at every step of the transaction” says Metro CFO Marc D’Amour. “As we continue to pursue opportunities that align with our vision for the company, this arrangement allows Metro to respond quickly to opportunities.”

To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.

About

Raymond Chabot Grant Thornton is a Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization. Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures; debt and equity capital markets.

We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities. Raymond Chabot Grant Thornton is Quebec’s leading professional services firm with more than 2,500 employees. As a member firm of the Grant Thornton International network and together with its counterpart Grant Thornton LLP, the firm is a member of one of the world’s largest professional services network made up of 50,000 people in over 135 countries.

27 Sep 2018  |  Written by :

Mr. Imbriglio is partner and the President & CEO of Raymond Chabot Grant Thornton. He is in charge...

See the profile

Next article

24 Sep 2018
Emilio B. Imbriglio
President and Chief Executive Officer | FCPA, FCA, MBA, CFE, ICD.D.

Taxation and Families: Refining the Model – Raymond Chabot Grant Thornton Publishes an Innovative Study in Collaboration with ESG UQAM

Today we are releasing a survey conducted by our firm revealing that in many respects, family taxation does not reflect the reality of today’s families. When families make a decision based on taxes rather than needs, there are resulting distortions that need to be adjusted. The federal and Quebec governments are invited to undertake a complete overhaul of family taxation to reflect the dynamics of today’s families.
Emilio B. Imbriglio, President and CEO

MONTRÉAL, September 24, 2018 – Raymond Chabot Grant Thornton and the UQAM’s École des sciences de la gestion (ESG UQAM) pooled their expertise to analyze family taxation under various themes. In more than 70% of the situations analyzed, the tax rules are not neutral depending on the family’s social profile, the couple’s legal status and the family’s economic class. Canadian families often find themselves in a situation where tax considerations rather than needs determine their choices.

The authors, Luc Lacombe, Tax Services Leader and Partner at Raymond Chabot Grant Thornton, as well as Brigitte Alepin and Manon Deslandes, professors at the Département des sciences comptables in ESG UQAM also presented some considerations to overhaul Canada’s tax system.

According to the authors, the governments of Quebec and Canada need to review family taxation policies sooner rather than later, because these policies undermine our tax system’s equity when it comes to families and, in some cases, hamper family decisions. For example, Canadian tax measures can have a significant impact on a family’s wealth creation decision. In previous years, governments established saving incentive plans such as the TFSA, RRSP, RESP and RDSP, each with different tax rules and incentives.

Luc Lacombe stated: “As a result of these differences, families with limited cash resources are faced with choosing from amongst the alternative savings plans available. If they take into consideration tax rules, their decision-making process may lead them to favour alternatives that are to the detriment of their real savings needs thus limiting their financial flexibility.”

Seven main areas were examined…

The study examines the tax measures applying to families based on seven main areas: the economic well-being of the family, housing, children’s education, retirement savings, other savings, retirement, and death. The authors asked the following question in each case: Are the tax rules neutral, irrespective of the family’s social profile, the couple’s legal status and the family’s economic class? A breach of neutrality was noted in more than 70% of the situations analyzed and all Canadian families should expect to be affected by this breach of neutrality, sooner or later.

… and Families That Own a Business

Considering the difficulties and growing challenges faced by families that own a business, the neutrality of Canada’s tax system was also examined. Specifically, the questions were as follows: Are the tax rules neutral with regard to the transfer of a business? Is the tax system neutral with regard to a person’s decision to go into business? Does the tax system favour certain families that own a business depending on the couple’s legal status? The analysis points to a breach of neutrality in each case.

Seven suggested ideas and approaches for fairer family taxation!

To offset these distortions, the study presents ideas and approaches that could be considered as part of the overhaul of the family tax system. Among others, the authors propose the introduction of a taxation system that is based on family income rather than an individual’s income, the introduction of a tax rate structure that is based on family size, the creation of a Registered General Savings Plan (RGSP), or the possibility of a rollover upon a taxpayer’s death to a trust set up exclusively for a dependent child. Read the executive summary for more details.

In 2017, the Canadian tax system marked its 100th anniversary. While tax policies may have evolved over this period, the study reveals that they have not kept up with how families are changing. The current family taxation system includes numerous breaches of neutrality that impact the decisions made by families in Quebec and Canada. “The purpose of this study is to encourage our Canadian and Quebec politicians to reflect on these major issues and undertake a review of family taxation policies,” concluded Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton.

To view and download the study, go to www.rcgt.com/taxation-family2018.

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 and more than 50,000 professionals.

Information:

Colin Danby
Director
NATIONAL
Tel.: 514-843-2355
Cell.: 514-679-1622
[email protected]

Source:

Francis Letendre
Head, Public Relations
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
[email protected]

27 Sep 2018  |  Written by :

Mr. Imbriglio is partner and the President & CEO of Raymond Chabot Grant Thornton. He is in charge...

See the profile