12 Oct 2018
Mylène Tétreault
Senior Manager | M. Fisc., B.B.A. Fin. | Tax

Many Quebecers dream of spending some of their retirement in Florida. To prevent this dream from turning into a nightmare, you need to know what to expect tax-wise, especially if you acquired some property there.

Your first step is to consult a U.S. tax specialist.

Mylène Tétreault, Senior Manager, U.S. Tax, reiterates the importance of having a clear understanding of the U.S. resident tax principle. Established at 183 days over three years, this principle follows the following cumulative calculation rule: 100% of the days for the current year; the number of days multiplied by a one-third for the previous year; and the number of days multiplied by a sixth for the prior year.

For more information on the tax issues relating to owning property in the United States, read the article published in Magazine Prestige on September 28, 2018.

If you’d still like to go ahead and purchase a property in the U.S., call on the services of our tax specialists who are well versed in the tax laws applicable to the United States and abroad!

12 Oct 2018  |  Written by :

Mylène Tétreault is your expert in taxation for the Québec office. Contact her today!

See the profile

Next article

10 Oct 2018
Mylène Tétreault
Senior Manager | M. Fisc., B.B.A. Fin. | Tax

On September 24, 2018, Raymond Chabot Grant Thornton published an innovative study on family taxation.

The study showed that in more than 70% of the situations studied, the tax rules are not neutral depending on a family’s social profile and economic class, and the couple’s legal status. As a result, several Canadian families are forced to make choices based on tax and not on their own needs.

The breaches of neutrality identified by the study which result from the application of several current tax rules also change the behaviour of numerous families, influence family choices and for many, are not beneficial.

Raymond Chabot Grant Thornton is calling on both federal and provincial members of government to undertake an in-depth review of family tax regulations so that the rules may reflect the dynamic of today’s families.

The study has been shared by several media sources and will continue to be part of the firm’s discussion topics. Watch the interview between Luc Lacombe and Mario Dumont on LCN below.

Read also these articles citing the study: Les Affaires; Conseiller.ca; Journal de Montréal et Journal de Québec; Finance et Investissement; Advisor.ca.

12 Oct 2018  |  Written by :

Mylène Tétreault is your expert in taxation for the Québec office. Contact her today!

See the profile

Next article

09 Oct 2018
Mylène Tétreault
Senior Manager | M. Fisc., B.B.A. Fin. | Tax

Raymond Chabot Grant Thornton is pleased to congratulate Nationex Inc. for its successful refinancing and shareholder buy-back.

Founded in 1980 and headquartered in Longueuil, Qc, Nationex (“Nationex” or the ‘‘Company’’) provides B2B courier services in Canada, with a major focus on Quebec and Ontario provinces. The company employs 200+ employees and handle over 40 thousand parcels on a daily basis.

Catryn Pinard, appointed CEO in 2015 and now sole shareholder of Nationex following the shareholder buy-back, is determined to help Nationex succeed as a 2nd generation family-owned company with the support of an experienced management team.

Raymond Chabot Grant Thornton acted as exclusive financial advisor to Nationex.

“The Raymond Chabot Grant Thornton team far exceeded our expectations”, says Catryn Pinard. “Your support was not only financial but also strategic. You were by our side throughout the entire process and exceeded your mandate by ensuring that all details were tied up following the closing of the transaction. Your implication and expertise, without a doubt, added significant value to our financing structure.”

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

12 Oct 2018  |  Written by :

Mylène Tétreault is your expert in taxation for the Québec office. Contact her today!

See the profile

Next article

05 Oct 2018
Mylène Tétreault
Senior Manager | M. Fisc., B.B.A. Fin. | Tax

The legalization of cannabis as of October 17th could cause a number of headaches for employers and managers who will have to adapt quickly to the new legislation.

Although the substance is prohibited in the workplace, employers may be facing a higher absenteeism rate and lower employee performance, as mentioned by Isabelle Simard, Senior Manager, Management Consulting at Raymond Chabot Grant Thornton, in an interview with Le Quotidien.

It’s in a business’s interest to introduce policies regarding this new reality and a clear process to be followed for failure to comply with the rules.

Isabelle stated: “While the legislation may make it possible to denounce dependency situations among employees, dismissal is not automatic.”

You can read the full article on the Le Quotidien web site (in French only).

You can also read the article on the same topic posted on ICI Radio-Canada Saguenay-lac-Saint-Jean (in French).

Learning breakfasts

In order to provide its members with appropriate tools, the Chambre de commerce et d’industrie Saguenay-le Fjord is organizing learning breakfasts in collaboration with Véronique-Bédard-Tremblay, lawyer with Gauthier Bédard, LLP.

The primary objective of the training is to inform employers about the legislative changes and make them aware of the potential impacts of these changes on human resources management.

Participants will have the tools to be proactive and prevent problem situations that could stem from the legalization of cannabis.

12 Oct 2018  |  Written by :

Mylène Tétreault is your expert in taxation for the Québec office. Contact her today!

See the profile