19 Jan 2017

Fidéides 2017 - LogoRaymond Chabot Grant Thornton is very proud to be among the 2017 Fidéides finalists in the “Business and Social Engagement” category. This award is given by the Chambre de commerce et d’industrie de Québec to recognize organizations that play an active role in improving the quality of life in their community, a perfect reflection of our values.

The result of an outstanding day of community involvement

This appointment comes in the wake of Raymond Chabot Grant Thornton’s September 23, 2016 community volunteering day that rallied some 800 employees. Most of the firm’s 100 offices were closed on that day to allow employees to give back to the community. The event was a resounding success and the firm’s nomination is directly related to an activity that took place in Saint-Anselme at Les Enfants d’Amour, under the management of Louise Brissette, where close to 400 employees participated.

Jocelyn Renaud, Partner, and Mario Morin, Regional Vice-President, with Louise Brissette from Les Enfants d’Amour, in Saint-Anselme

Making a difference in the community

Our people’s personal and professional engagement is what makes our firm an organization that stands out not only for its quality professional services but also for making a difference in the communities where it works. Thank you to all the employees and partners for their outstanding enthusiasm and engagement on that memorable day!

The award gala will take place on March 16, 2017 in Québec City with the winners being announced at that time, but we already know that the true winners are the 50 organizations that we helped on that day throughout Quebec and in Ottawa!

Next article

18 Jan 2017

Raymond Chabot Grant Thornton is proud to be associated with the Ministère de l’Économie, de la Science et de l’Innovation (MESI) and its partners to promote the new co-operative buyouts support program.

The lack of entrepreneurial successors has led to the introduction of this program to support co-operative buyouts of businesses by providing financial assistance of up to $1M over four years.

Co-operative buyouts are a collective solution to the entrepreneurial succession issue. According to Éric Dufour, Regional Vice-President and National Business Succession Leader, “This is a vital program in many respects, since it will provide a means to raise entrepreneur awareness, inform them and support their business success plan, an essential tool for an efficient business transfer. Since 2003, my teams and I have noted a major paradigm shift during a business transfer to the next generation. Human considerations are now more important than financial ones and we have to adapt. Additionally, we are seeing more and more groups taking over a business in order to share the organization’s responsibilities. The co-operative buyouts program helps meet this challenge.”

As a member of the MESI’s Repreneurs collectifs working group, Raymond Chabot Grant Thornton partner, Chantal Bourgeois, participated in the discussions that led to the program’s creation. She explains that “creating co-operatives as a means to ensure the longevity of Quebec businesses provides numerous benefits, including employee engagement, a management model tailored to the new generations and participation in the social economy. This is why we believe this is a practicable option.”

The program is administered by the Centre de transfert d’entreprise du Québec. It includes a funding envelope of $1M over four years. Qualifying businesses can receive assistance of up to $15,500 to cover between 70% and 80% of eligible expenses for the following activities:

Phase 1: Feasibility study

  1. Assessing an employee group’s investment potential
  2. Evaluating the organizational culture

Phase 2: Implementation support

  1. Estimating the business’s value and its purchase price
  2. Undertaking the due diligence process
  3. Entering into a shareholder agreement or sale contract

An information tour has been organized around the province to introduce the program at the following locations and dates:

  • Capitale-Nationale, January 24, 2017
  • Centre-du-Québec, January 25, 2017
  • Estrie, January 26, 2017
  • Bas-Saint-Laurent, January 31, 2017
  • Lanaudière, February 7, 2017
  • Chaudière-Appalaches, February 9, 2017
  • Montréal, February 15, 2017
  • Montérégie, February 16, 2017
  • Laval, February 17, 2017
  • Mauricie, February 23, 2017
  • Outaouais, March 1, 2017
  • Côte-Nord, March 8, 2017
  • Saguenay−Lac-Saint-Jean, March 14, 2017
  • Laurentides, March 16, 2017
  • Nord-du-Québec, March 21, 2017
  • Abitibi-Témiscamingue, March 23, 2017
  • Gaspésie−Îles-de-la-Madeleine, April 11, 2017

You can register for the sessions on the MESI’s internet site. Our professionals will be in attendance to meet with you and answer any questions.

Next article

16 Jan 2017

Éric Dufour, Vice-President of Raymond Chabot Grant Thornton’s Saguenay–Lac-Saint-Jean / Chibougamau / Côte-Nord region and National Business Transfer Leader, shares his concerns regarding the business succession process. Family business transfers have evolved and now involve factors never dreamed about before.

Read the article published in the December-January edition of Magazine MCI.

Next article

13 Jan 2017

In a TVA Nouvelles article discussing the increase in the number of home foreclosures in 2016 compared to the previous year, Éric Lebel, Raymond Chabot Grant Thornton Partner-Trustee and Financial Recovery Advisor, explains how foreclosing homes has become a last resort for banking institutions.

For more information, read the article published on the TVA Nouvelles website on January 10, 2017.