28 Aug 2015

On August 20, Raymond Chabot Grant Thornton employees and partners in Beauce held their first ever community involvement day.

Over 50 people devoted part of their workday performing various tasks to lend a hand to Saint-Éphrem’s recreational area committee. This initiative helped provide an ideal location for children and citizens to relax and enjoy leisure activities.

Raymond Chabot Grant Thornton Active in the Beauce Community

A concrete commitment, a lasting impression

“This is a concrete way for the Firm to contribute to residents’ quality of life and leave a lasting impression. We are already looking forward to next year for another day of community involvement!” stated Steeve Vachon, Partner and event’s organizing committee chair.

“Thanks to Raymond Chabot Grant Thornton and our valued partners, Saint-Éphrem’s citizens now have access to a recreation area that is sheltered from the sun and bad weather, as well as pleasant settings for partaking in leisure activities. I believe it’s important for companies to show support for their communities in this way,” stated Danielle Breton, head of Saint-Éphrem’s recreational area committee.

Community Involvement

This special project was born from a desire shared by partners at Beauce’s six offices to get involved in community projects. Their aim was to contribute to a cause by participating in a special project that would directly impact the Beauce community and serve as a mobilizing and rewarding event for Raymond Chabot Grant Thornton members. Thank you to all the organizations that submitted a project and to all the Beauce employees and partners for their exemplary involvement in line with the Firm’s CLEARR values.

In the News

On Beauce.com (August 21, 2015) – Raymond Chabot Grant Thornton s’implique dans la communauté beauceronne

L’Éclaireur Progrès (August 21, 2015) – Raymond Chabot tient une journée d’engagement communautaire

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22 Aug 2015

Defi Bergeron-Lebel | RCGT

Marc Bergeron, Judith Barry et Éric Lebel

Marc Bergeron, Judith Barry et Éric Lebel

BROMONT, August 22, 2015 – The first edition of the Petit Défi Bergeron-Lebel was an unqualified success, raising over $30,000 to help Breakfast Club of Canada in its mission to provide a full breakfast for children. The cycling team exceeded its initial $25,000 objective set only six weeks ago. The bike tour organized by the Raymond Chabot Grant Thornton team saw over 40 cyclists travel almost 60 km on a round trip between Bromont and Sutton.

The Petit Défi Bergeron-Lebel is part of Raymond Chabot Grant Thornton’s fundraising campaign to support Breakfast Club of Canada. The firm’s employees have opted to undertake a number of challenges and organize numerous initiatives to support the Club and help children realize their full potential in an environment in which they can thrive.

“We feel very strongly about this cause. Today’s children are tomorrow’s leaders and we’re proud to be able to support their development and well-being,” explained Marc Bergeron, Partner, and Recovery and Reorganization Vice-President, who initiated the activity. Éric Lebel, Recovery and Reorganization Partner, and the first one to take up the challenge, added “We’re very fortunate. That’s why it’s important to pool our strengths to help our community, by lending a hand to those who have a more difficult start in life. All of the participants and contributors to this challenge did so with enthusiasm. I salute them.”

Judith Barry, Director, National Programs for Breakfast Club of Canada and organization co-founder, who was on hand for the festivities at the start of the event, warmly thanked the forty or so people in attendance. “Every action counts and the children we encounter need everyone’s support. Thanks to your involvement, you are providing nourishment for both the body and dreams of thousands of children.”

The organizing committee would like to thank all those who contributed to the event’s success, including the towns of Bromont and Sutton, the Bromont and Sutton IGAs, as well as the specialty boutique ubac ski-vélo. For more information on the firm’s various initiatives, go to the Raymond Chabot Grant Thornton funding campaign microsite “Raymond the Champion’s Outstanding Growth”.

Raymond Chabot Grant Thornton’s Petit Défi Bergeron-Lebel

About Breakfast Club of Canada

For 20 years, Breakfast Club of Canada has been nourishing children’s potential by making sure as many of them as possible have access to a healthy morning meal before school, in an environment that allows their self-esteem to grow and flourish. But the Club is much more than a breakfast program: we take a broader approach that promotes the core values of engagement, enrichment and empowerment, and we team up with communities and local partners to develop solutions adapted to their specific needs. Operating from coast to coast, the Breakfast Club of Canada helps feed 150,000 students every day in 1,328 schools.

About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton has become a leader in the fields of assurance, tax, consulting services, and business recovery & reorganization. Its strength is based on a team of over 2,500 people, including some 230 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 4,300 people 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 40,000 people.

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pdfLa Voix de l’Est (24 août 2015) – “Près de 31 000 $ pour le Club des petits déjeuners”

Source and information:

Kim Guiraud
Communications Consultant and Event Organizer
Raymond Chabot Grant Thornton
Tel.: +1 514-878-2692, extension 5740
[email protected]

Sarah Ouannou
Public Relations Coordinator
Raymond Chabot Grant Thornton
Tel. +1 514-686-2417
[email protected]

Véronique Côté
Advisor, Communications and Marketing Development
Breakfast Club of Canada
Tel. 1 450-641-7841
[email protected]

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20 Aug 2015

Bankrupt successions are far from exceptional. A growing debt burden on seniors is recognized. Seniors are increasingly confronted with financial problems to maintain a stable standard of living. This is the subject that Éric Lebel, Trustee Partner and Financial Recovery Advisor, addressed on “Questions d’argent”, which aired on the Argent channel on August 11.

According to Éric Lebel, “the arrival of credit cards thirty years ago caused people to consume more than before. Today, nearly one out of five individuals who are clients of bankruptcy trustees are age 60 and over, compared to only one in twenty clients twenty years ago”!

Do your homework before accepting an inheritance

In case of death of a relative who leaves a patrimony, the heir must be aware of that person’s financial position, because the financial impacts could be very high. “If the relative who dies has more debts than assets, he is insolvent. It is essential that the heir does not cash in any part of the property. If the succession is refused, the heir will not be responsible for the deceased’s debts. However, for example, if the heir sells an inherited car, uses this money to go on vacation, and learns three months later than the relative had an unknown tax debt, he will be responsible for the deceased’s debts! ”

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05 Aug 2015

Three quarters of business leaders would pay more taxes in exchange for greater clarity from authorities on what is acceptable for tax planning, according to the Grant Thornton International Business Report (IBR), a global survey of 2,580 businesses in 35 economies. And while few expect a global agreement any time soon, the majority would like to see their governments take unilateral action to help achieve this aim.

The ball is very firmly in the tax authorities’ court
Francesca Lagerberg, global leader for tax services at Grant Thornton said: “The levels of taxation paid by businesses has become a very public and emotive issue. But setting emotion to one side, businesses have a responsibility to their investors and shareholders to keep costs down – within the existing regulatory parameters.”

Nevertheless, the IBR demonstrates that 73% of Canadian respondents, like their counterparts in the rest of the world (74%), share the same need for clarity from the tax authorities, even if it means less opportunity to reduce their cross-border tax burden. In response to the same question asked the previous year, only 46% of Canadian respondents were favourable towards such measures. Results reveal that changes are expected in the complex area of cross-border tax transactions.

BEPS_2015

Unilateral vs multilateral
Business leaders doubt that a global agreement will be enacted to provide clearer tax rules for all. Just 23% of the survey respondents thought that the OECD’s plans for global tax improvement under the Base Erosion and Profit Shifting project (BEPS) would likely be implemented. In Canada, this proportion shrinks to 16%. It should be noted that the OECD will publish its definitive recommendations on the BEPS project by late 2015.

However, they are far more supportive of implementing unilateral, individual country actions in lieu of a global agreement: 71% said they would support their own government taking unilateral action to combat the loss of tax revenue in their jurisdiction. Support for local action is strongest in India (95%), the US (82%) and the UK (79%). In Canada, 71% of respondents are in favour of such actions.

“The IBR clearly shows that businesses remain skeptical about the adoption of the OECD recommendations under the BEPS. As the OECD does not have force of law, each member country will need to adopt the recommendations within its own legislative framework, a process that could be very long. This is why the majority of respondents support unilateral action by tax authorities as it will protect the tax base”, said Daniel Marion, Transfer Pricing and International Tax Partner at Raymond Chabot Grant Thornton.

Francesca Lagerberg continued: “[…] the work being undertaken by the OECD on tax planning should go some way to allaying business concerns by moving this debate away from talk to action. The OECD is set to finalise its recommendations this year. International tax standards clearly need to be stripped down and rebuilt for the world we live in today. The existing legislation is creaking at the seams in an increasingly interconnected, digital world in which the definition of a ‘border’ is looking archaic. The research is showing that businesses are asking for more help to enable them to navigate the new challenges of a digital economy.”

For an interview with Daniel Marion, Transfer Pricing and International Tax Partner, please contact Sarah Ouannou (see below).

Notes to editors
The Grant Thornton International Business Report (IBR) provides insight into the views and expectations of more than 10,000 businesses per year across 35 economies. This unique survey draws upon 22 years of trend data for most European participants and 11 years for many non-European economies. More information: www.grantthornton.global

Data collection
Questionnaires are translated into local languages with each participating country having the option to ask a small number of country specific questions in addition to the core questionnaire. Fieldwork is undertaken on a quarterly basis, primarily by telephone. IBR is a survey of both listed and privately held businesses. The data for this release are drawn from interviews with 2,580 chief executive officers, managing directors, chairmen or other senior executives from all industry sectors conducted in May 2015.

About Grant Thornton
Grant Thornton is one of the world’s leading organizations of independent assurance, tax and advisory firms. These firms help dynamic organizations unlock their potential for growth by providing meaningful, forward-looking advice. Proactive teams, led by approachable partners in these firms, use insights, experience and instinct to understand complex issues for privately owned, publicly listed and public sector clients and help them find solutions. More than 35,000 Grant Thornton people, across over 100 countries, are focused on making a difference with clients, colleagues and the communities in which they live and work.

About Raymond Chabot Grant Thornton
Founded in 1948, Raymond Chabot Grant Thornton (rcgt.com) has become a Canadian leader in the fields of assurance, tax, consulting services, and business recovery & reorganization. Its strength is based on a team of over 2,500 professionals, including some 230 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 4,300 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 40,000 professionals.

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Information:
Sarah Ouannou
Coordinator – Public Relations
Raymond Chabot Grant Thornton
Tel.: 514-686-2417
[email protected]

Information on the research presented:
Dominic King
Global research manager
Grant Thornton International Ltd
Tel.: +44 (0)207 391 9537
[email protected]