04 Apr 2018

Les Affaires 2018 Ranking of Most Admired Businesses: Raymond Chabot Grant Thornton First Among Accounting Firms!

Raymond Chabot Grant Thornton ranks first among the most admired accounting firms in Quebec, as revealed by Léger’s latest survey on business reputations published by Les Affaires. Ranking 109th out of the 304 Quebec and foreign businesses surveyed, the firm appears at the top of the list of all accounting firms. Last year, our firm was already in first place in this field and ranked 136th.

Passion, commitment and credibility

Thank you to everyone who has been placing their trust in Raymond Chabot Grant Thornton for the past 70 years! Our firm’s rich history as well as its credibility and discipline are at the heart of its outstanding reputation. The ranking also reflects the commitment and passion that drive all of the firm’s professionals and partners to serve clients well and guide them in unlocking their full growth potential!

Over 13,000 respondents surveyed

The results of this annual survey, conducted by Léger since 1994, are based on an electronic survey of 13,655 adult respondents between December 19, 2017 and January 30, 2018. The business reputation index is calculated using the difference between the percentage of good and the percentage of negative opinions.

To learn more about this survey, read the Les Affaires article (full article and rankings reserved for Les Affaires subscribers).

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04 Apr 2018

Raymond Chabot Grant Thornton Expands in Baie-Comeau – Acquires Jacques Dubé CA Inc.

BAIE-COMEAU, April 4th, 2018 – Raymond Chabot Grant Thornton proudly announces the expansion of its Baie-Comeau team of experts with the addition of Jacques Dubé CA inc.

The North Shore clientele will now have access to a group of 10 professionals in tax, assurance and strategic and financial advisory services. The acquisition underscores the firm’s desire to offer a broader range of services to businesses and organizations in the North Shore region together with personalized, top-notch local offering.

Éric Dufour, Raymond Chabot Grant Thornton Regional Vice-President, stated: “We are very pleased to have Jacques Dubé and his team join us. These talented professionals, recognized for their expertise will help enhance our firm’s bench strength in the region for the benefit of our local businesses. Combining our practices under one roof provides business leaders access to a full range of national and international capabilities.”

Jacques Dubé added: “This is a momentous day for our firm. We can continue to provide our clients with excellent services while enhancing our offering thanks to the strength of Raymond Chabot Grant Thornton that boasts more than 60 services, close to 110 locations throughout the province and a global network in some 135 countries. With Raymond Chabot Grant Thornton, the region’s leaders benefit from the expertise of a large accounting firm and local, personalized added-value services.”

Raymond Chabot Grant Thornton and Jacques Dubé’s team will be located at 810 Bossé Street in Baie-Comeau as of April 1, 2018.

About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton has become a Canadian leader in the areas of assurance, tax, consulting services and business recovery and reorganization, with more than 2,300 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 4,200 professionals and close to 140 offices across Canada to help Canadian organizations achieve their full growth potential both locally and globally. Grant Thornton International Ltd’s member and correspondent firms provide clients with the expertise of some 47,000 professionals in more than 130 countries.

Information:

Claudia Madore
Advisor ‒ Marketing & Communications
Raymond Chabot Grant Thornton
Telephone: 418 549-4142
[email protected]

Source:

Francis Letendre
Senior Advisor – Public Relations
Raymond Chabot Grant Thornton
Telephone: 514 390-4201
[email protected]

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02 Apr 2018

From 2012 to 2016, there was a 62% increase in insolvency files in the Saguenay Lac-Saint-Jean region. This is a very worrisome rate, which is even more so if we compare it to the Quebec percentage of 16% for the same period and 3% across Canada!

Fighting the vicious cycle of indebtedness

How are people getting into so much debt? How do they get pulled into the vicious cycle of debt? To learn more, watch the interview (go to minute 17) with Éric Morin, Partner and Licensed Insolvency Trustee, on the MATV “Mise à jour” show, which aired March 13, 2018.

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28 Mar 2018

2018-2019 Quebec Budget: Raymond Chabot Grant Thornton Publishes its Tax Bulletin and Comments

QUÉBEC CITY, March 27, 2018 – Raymond Chabot Grant Thornton published its tax bulletin on measures unveiled by the Quebec Finance Minister and is taking this opportunity to applaud certain measures and highlight a number of issues it believes to be of importance to further increase Quebec’s competitiveness. The tax summary was prepared by a team of experts in the budget lock-up.

Finance Minister Carlos Leitão’s fifth budget may be proposing significant measures to support the growth of Quebec businesses, but the numerous measures announced will be plunging Quebec back into a deficit for the next two years.

Anticipated tax relief for SMEs welcomed

Raymond Chabot Grant Thornton commends the income tax reduction for SMEs in the services and construction sectors and the payroll tax reduction, among others. Tax partner, Luc Lacombe, stated: “These direct $2.2B savings over five years are important for our economic drivers. SMEs should be focusing on ways to innovate and stand out, here and on the foreign marketplace, as well as on their growth and Quebec’s prosperity, not worrying about the enormous tax burden placed upon them. The measures announced today address this concern.”

In reference to the announced tax cut for SMEs in the services and construction industries, President and CEO, Emilio B. Imbriglio, said: “This was something that had to be done; businesses need a boost to innovate and continue prospering. The Finance Minister could have gone further by following our recommendation to eliminate the tax on the first $500,000 of taxable income for all SMEs in order to fuel their growth. Eliminating this tax would be subject to SME’s savings being applied to productivity, employment and innovation, in a manner that avoids abuses.”

Supporting business transfers: a strategic issue

Raymond Chabot Grant Thornton applauds the 2017-2022 Government Action Plan on Entrepreneurship released March 23rd. Stimulating entrepreneurship and fostering business transfers are important priorities for a strong Quebec. Regional Vice-President and National Business Transfer Leader, Eric Dufour, added: “In order for business transfers to be more efficient and sound, it would have been better if the budget had removed the government’s current restrictions that hinder family succession. Business owners are subject to very restrictive conditions designed to avoid abuses, for example, requiring a total, rather than a partial transfer of the business, thereby precluding any interest by the owner after the sale.”

Business immigration in support of innovation

In the prebudget consultations, Raymond Chabot Grant Thornton recommended that the Quebec government gradually increase the number of immigrant investor files and increase the regulatory investment required of immigrant investors from $800,000 to $900,000.

Marc Audet, President and CEO of Auray Capital Canada, a subsidiary of Raymond Chabot Grant Thornton, stated: “Our objective with this innovative proposal is for the $100,000 difference to be considered as a direct, non-refundable contribution by the investor to a Quebec development fund, similar to the fund to finance innovative manufacturers. At no added cost to Quebec taxpayers, this recommendation would serve to generate over $1B in additional income over the next five years, provided the quotas and accepted files are increased. Demand for the Quebec immigrant investor program is strong. This formula would increase Quebeckers’ financial means, while fostering the retention of immigrant investors, which remains a major issue.”

Managing public debt and plunging Quebec back into a deficit

In its prebudget recommendations submitted to the government last February, the firm emphasized the importance of the government respecting its debt reduction objectives, particularly in the context of rising interest rates. Imbriglio concluded: “We are very pleased to see that the Generations Fund will be used to partially pay down Quebec’s debt over the next five years. The government’s development must not be detrimental to future generations. Stringent debt management is crucial. However, it would have been better to maintain fiscal restraint rather than plunging Quebec into a deficit for the next two years, as provided in the current scenario.”

Consult the prebudget recommendations submitted to the Quebec Finance Minister by 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, consulting services and business recovery and reorganization, with more than 2,300 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 4,200 professionals and close to 140 offices across Canada to help Canadian organizations achieve their full growth potential both locally and globally. Grant Thornton International Ltd’s member and correspondent firms provide clients with the expertise of some 47,000 professionals in more than 130 countries.

Source:

Francis Letendre
Senior Advisor – Public Relations
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
[email protected]