24 Jul 2017

As most of us are still waiting for summer to truly arrive, the federal government unleashed a storm of controversy on July 18th when it tabled a number of legislative proposals and a consultation document titled “Tax Planning Using Private Corporations”.

While the federal government’s intention to address tax planning strategies involving private corporations that can result in high-income individuals obtaining tax benefits not available to other individuals had been announced in its 2017 budget, the documents tabled are far more extensive.

The documents propose legislative changes that include a number of measures that would be applicable as of July 18, 2017 and several matters for more widespread consultation. The proposed amendments relate to:

  • Income splitting;
  • The lifetime capital gains exemption;
  • Tax on passive income;
  • Compensation by way of capital gains.

The consultation period ends on October 2, 2017.

Attached Tax News includes a summary of the proposed measures. As Québec’s largest firm of chartered professional accounts with the most extensive network of tax specialists in the province, Raymond Chabot Grant Thornton has already begun and will continue its in-depth analysis of the proposed changes.

How will these changes impact you?

The proposed changes could significantly impact your corporate and tax structure. However, at this time, we cannot provide a definitive recommendation on the approach you should adopt. Rest assured though that your Raymond Chabot Grant Thornton advisors have your interests at heart.

Most of the proposed changes will only come into effect in 2018 and they could change in the coming months in response to comments from tax industry specialists.

Our experts are working proactively to influence the final outcome and are continually seeking innovative strategies to address the changes within legal parameters and in your greatest interest.

Any change is an opportunity to take a step back and review your overall situation and structure your affaires to minimize your tax burden within the limitations of tax legislation.

We can assure you we are already on the ground and will be ready to react quickly.

Thank you for your trust and enjoy the summer.

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19 Jul 2017

Daniel Berthelot, Assurance Partner, and chair of the Raymond Chabot Grant Thornton Golf Tournament for Women Organizing Committee was very proud to give a symbolic cheque for $168,650 to the Fondation Santé Baie-des-Chaleurs last July 7th. The funds will be put towards the purchase of digital 3D breast tomosynthesis and needle aspiration biopsy equipment and a specialized examination chair. Thanks to this high-tech equipment, Hôpital de Maria in the Gaspe, will be able to significantly improve breast cancer detection and perform biopsies.

In an interview with the L’Écho de la Baie newspaper, Daniel Berthelot stated, “Once again, our community has made an outstanding contribution to the Fondation Santé Baie-des-Chaleurs’ mission. Businesses in the Baie-des-Chaleurs answer the call to support the foundation’s mission year after year, making the golf tournament one of the most important fund-raising activities in our region.”

Raymond Chabot Grant Thornton is the main event sponsor and Daniel has chaired the tournament organizing committee for five years in a row. Well aware of the foundation’s importance, he is very enthusiastic about the benefits to be gained from these new technologies and about making them available in the Gaspe. His dedication to this cause is a testament to his Baie-des-Chaleurs community involvement, showcases our firm and reinforces ties with clients and business partners in the region.

Dr. Marie-Claude Thériault, Medical Imaging Chief at the Centre intégré de santé et de services sociaux de la Gaspésie, Honorary Chair and event spokesperson, with Daniel Berthelot, organizing committee chair and New Richmond office Assurance Partner.

Congratulations to the New Richmond team for their involvement in this wonderful event! From left to right: Daniel Berthelot, Noémie Fecteau, Manon Leblanc, Jenny Bergeron, Sylvie Lavoie, Luc Poirier, Luc Audet et Stéphane Gagné.

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12 Jul 2017

MONTRÉAL, July 12, 2017 – Raymond Chabot Grant Thornton, a Canadian leader in assurance, tax, advisory services and recovery & reorganization, is joining forces with Jonathan Hamel, Francis Pouliot and Vincent Gauthier to create a Montréal-based blockchain expertise centre — Catallaxy  — to invest in blockchain technology research, development, training and marketing.

Housing the “Blockhouse”, an innovation and expertise centre, Catallaxy will be a unique portal for the blockchain technological and economic revolution. Our objective is to prepare businesses for their blockchain transformation.

The centre will be operational this fall with a service offering combining the advanced technical expertise of the blockchain community and Raymond Chabot Grant Thornton’s consultants.

Fifteen people will be based in Montréal with some 50 strategic partners and collaborators worldwide.

Transformative technology

Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton stated: “Blockchain technology has the potential to transform our current business model. This is why we want to create this new synergy between our traditional activities and the new opportunities offered by this technology. Working with internationally renowned experts, we want to make Montréal a hub for blockchain technology development within the Grant Thornton network.”

Jonathan Hamel, President and CEO of Catallaxy added: “Blockchain is a strong trend along the same lines as artificial intelligence. Technologies like Bitcoin and Ethereum will have the same impact on the financial system and governance as the Internet had on written media and music.”

The team

Jonathan Hamel developed mobile payment solutions in emerging countries and was one of the first investors in the Ethereum platform. He is also a member of the Autorité des marchés financiers (AMF) technological innovation advisory committee.

Vincent Gauthier developed various blockchain solutions and is the founder of the Blockchain Montreal community.

Francis Pouliot was the founder and President of Satoshi Portal, co-founder of the Montréal Bitcoin Embassy and member of the Bitcoin Foundation and the Ontario Securities Commission’s Fintech committee.

MM. Louis Roy, Partner and leader Blockchain of Raymond Chabot Grant Thornton, Francis Pouliot, co-founder Research and cryptoassets, Jonathan Hamel, President and CEO of Catallaxy, Vincent Gauthier, co-founder Technology and Product, Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton

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 & reorganization. Its strength is based on a team of over 2,300 professionals, including some 200 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 4,200 professionals 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 47,000 professionals.


Sarah Ouannou
Public Relations
Raymond Chabot Grant Thornton
[email protected]

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11 Jul 2017

This spring, Quebec experienced unprecedented flooding and many residences were seriously damaged.

New compensation program

The Quebec government recently announced a refundable tax credit to provide financial assistance to owners of secondary residences. This credit is in addition to the credit for damages to an individual’s primary residence.

Potential credit of up to $18,000

Under the new two-part program, owners can have their secondary residence repaired and be entitled to a refundable tax credit of up to $18,000.

For more information on this tax credit, click here to read the online article!

Sylvain Moreau is a Tax Partner and columnist for the Argent – Dans vos poches column in the Journal de Montréal and Journal de Québec, Québecor’s two major newspapers.