09 Oct 2012

As the tax increase and certain retroactive measures currently being considered by the new Quebec government would generate tax changes for Quebec taxpayers and businesses, some media outlets have called on Raymond Chabot Grant Thornton tax experts to better grasp the scope of such changes, if adopted.

On September 27, 2012, Eric Labelle, Tax Partner, shared his knowledge on a panel led by Stéphane Langdeau on RDS’s Antichambre show. For his part, Tax Partner Jean-François Thuot provided observations in La Presse (on September 25 and October 2), while Tax Partners Pierre Jones and Norman Angell commented on the issue in articles in Finance et Investissement and Le Soleil.

This media exposure attests once again to our experts‘ outstanding professionalism.

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05 Oct 2012

Raymond Chabot Grant Thornton is proud to announce that Annie Cyr, M.Sc., Senior Consultant, Strategic and Performance Consulting at the Québec City office, will be a mentor with Entrepreneuriat Laval. As such, she will play a very important role guiding and advising Université Laval graduates and supporting them in the start-up of their businesses and development of their entrepreneurial skills.

This appointment is a testament to Annie’s leadership skills and her support of business succession. She believes that being a mentor means helping mentorees ask the right questions without giving them the answers. “It fine-tunes the thinking process, boosts confidence and develops the entrepreneur’s long-term vision,” said Annie.

Promoting business start-up and job creation

Entrepreneuriat Laval is a unit of SAGE-Mentorat d’affaires certified by the Fondation de l’entrepreneurship whose mission is to stimulate emerging innovative projects at Université Laval and promote business start-up and job creation by offering tailored guidance and entrepreneurial skills development.

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05 Oct 2012

NATIONAL public relations and Raymond Chabot Grant Thornton recently joined forces to create Entreprises engagées en technologies de l’information au Québec (EETIQ).

Tax Credit for the Development of E-Business

The purpose of this merger is to support businesses in their approaches to the government to extend the Tax Credit for the Development of E-Business deadline past December 31, 2015.

Initial meetings were held in Montréal on September 6 and in Québec City on September 20 where representatives of the businesses eligible for the credit (from the information technology and communications fields in Quebec) met with our experts to discuss the project’s overall objectives and strategies for attaining these objectives.

For more information on this project, contact Michel Lefebvre, Tax Partner, Montréal office.

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03 Oct 2012

Raymond Chabot Grant Thornton shared its observations regarding the federal consultation process on the impact fees have on the efficiency of the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program. As this is the most important industrial research and development program in Canada, our team of SR&ED experts made it a prerogative to get involved and inform the Canadian government of the realities of our practice and the steps that could improve the program’s efficiency.

Our team of experts includes experienced engineers, technical staff (all sectors and industries), tax specialists, lawyers and accountants. We have been helping our clients prepare their SR&ED claims for more than 20 years.

“We believe that contingent fees encourage the introduction of new SR&ED claimants. For current claimants, this type of fee promotes risk-sharing with consultants and a better alignment of the timing of fees and obtaining of credits,” stated Michel Lefebvre, Tax Partner and member of the firm’s SR&ED team.

This type of fee, which is a financial arrangement like any other, is popular in the field of SR&ED credit claims because results are unpredictable. “This lack of predictability is due to the great complexity involved in preparing a claim file and the inconsistency of decisions, which are based on professional judgment and as a result, are highly arbitrary,” added Michel Rheault, Tax Partner and also a member of the firm’s SR&ED team.

Raymond Chabot Grant Thornton believes that the best way to eliminate contingent fee billing is to increase the predictability of decisions. In this regard, the response submitted to the Government of Canada presents five measures:

  • Simplify the SR&ED program by making criteria easier to measure objectively;
  • Pre-approve SR&ED programs;
  • Create an innovation support program;
  • Have the CRA certify external SR&ED consultants;
  • Drive out “professional exaggerators”.

To read the publication please consult the publication > taxation section.