16 Dec 2013

“Raymond Chabot Grant Thornton is proud to be involved in this project and to continue contributing to the development of dynamic local businesses.”
– Pierre Lapointe, Vice-President of Raymond Chabot Grant Thornton’s Québec City region

Montréal, December 16, 2013 – Raymond Chabot Grant Thornton and Desjardins Group announced today the beginning of a sustainable, structured collaborative effort to help immigrant investors wishing to live in Quebec and Canada and contribute to the country’s prosperity.

As of January 2014, AURAY Capital, a subsidiary of Raymond Chabot Grant Thornton, and Desjardins Group will work together to provide complementary, value-added services to investors. The Immigrant Investor Program’s business development activities, backed by Desjardins Group until now, will be delegated to AURAY Capital and Desjardins Group will act as a financial partner. Desjardins Group personnel involved in the Immigrant Investor Program will join AURAY Capital to help carry out its new mandate.

“We are positive that our long-term commitment will enable us to help business investors grow and contribute to the development of our economy. Such practices are entirely within our Firm’s mission, which is to help our people and organizations reach their full potential. We are also very proud to be expanding our range of services and welcoming new talent within the Firm,” said Pierre Lapointe, Vice-President of Raymond Chabot Grant Thornton’s Québec City region.

“Desjardins Group is pleased to be joining forces with a choice business that has such a strong presence in Quebec and in more than a hundred countries. This agreement will enable Desjardins to continue being involved in the Immigrant Investor Program while contributing to maintaining the benefits generated by the program,” said Stéphane Achard, Senior Vice-President and General Manager, Business and Institutional Services, and Card and Payment Services of the Desjardins Group.

About Raymond Chabot Grant Thornton

Founded in 1948, today Raymond Chabot Grant Thornton is a leader in the fields of assurance, tax, consulting services, and business recovery & reorganization. Its strength is based on a team of almost 2,400 people, including some 230 partners in more than 100 offices in Quebec, eastern Ontario and New Brunswick. For the past 30 years, Raymond Chabot Grant Thornton has been a member of Grant Thornton International Ltd, providing clients with the expertise of the member and correspondent firms in more than 100 countries.

About Desjardins Group

Desjardins Group is the fifth largest cooperative financial group in the world with assets of $210 billion. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services through its extensive distribution network, online platforms and subsidiaries across Canada. The group has one of the highest capital ratios and credit ratings in the industry, and outranks all American banks as the fourth safest and strongest bank in North America according to Global Finance magazine and Bloomberg News respectively. In keeping with their cooperative nature, Desjardins Caisses’ surplus earnings are reinvested into the communities they serve.


Next article

12 Dec 2013

On November 29, 2013, Raymond Chabot Grant Thornton released a survey that sounded the alarm: unless there is mobilization to facilitate business transfers, the current entrepreneurial shortage will have major consequences for the Quebec economy.

Éric Dufour, Partner at the Chicoutimi office and National Business Transfer Leader, gave several interviews on this subject, and several media also relayed the news. The Quebec Government also reacted through the Parliamentary Assistant to the Premier for youth issues, Léo Bureau-Blouin.

The news generated plenty of reactions and strong visibility in the traditional and social media.

Here is an overview of the media coverage

Portfolio de La Presse Affaires
Des entrepreneurs mal préparés et mal informés
Un BOA qui veut votre bien
Les outils d’accompagnement font-ils vraiment défaut?
Des transferts réussis
Une méconnaissance des enjeux fiscaux
Bien différencier vente et transfert
Le Soleil
Journal Les Affaires.com
Journal de Montréal
Journal de Québec
Le Progrès-Dimanche
TVA Nouvelles

Canal Argent
Éric Dufour’s interview
Les PME du Québec en danger, selon une étude

René Vézina, chroniqueur
Paul Arcand’s show

Next article

11 Dec 2013

Montreal, December 11, 2013 – Raymond Chabot Grant Thornton is happy to make its 2013-2014 Tax Planning Guide available to individuals free of charge. This is the thirtieth year of publication of this innovative guidance tool for tax planning and tax returns.

“This unique and flexible tool makes it easier to look up information, in a practical format adapted to different platforms. We are proud to be able to provide individuals with up-to-date tax information which allows them to avoid nasty surprises. We take tax planning to heart, so that individuals and organizations can achieve their full potential. This is why we are constantly seeking to offer them the means to fulfil their ambitions,” said Partner and National Tax Director Jean Gauthier.

A mobile app for iPhone, iPad and iPod Touch is available for the Tax Planning Guide. In addition, a tax calculator that helps consumers to get an idea of their tax rate based on their financial profile is available through the Apple mobile app. The website (www.planiguide.ca) has also been optimized for easier browsing from the Androïd, Apple and BlackBerry platforms.

The geolocation feature gives users quicker access in both French and English to tax measures relevant to their province of residence. The tax calculator was upgraded last year for use with Ontario and New Brunswick tax tables.

From the Tax Planning Guide Web page (www.planiguide.ca), individuals can download the free mobile app by following the Apple Store link, obtain the PDF version of the Tax Planning Guide and consult additional tax-related information.

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 2,400 people, including some 230 partners in more than 100 offices in Quebec, eastern Ontario and New Brunswick. For over 30 years, Raymond Chabot Grant Thornton has been a member of Grant Thornton International Ltd, providing clients with the expertise of the member and correspondent firms in more than 100 countries.


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

Next article

10 Dec 2013

Montréal, December 10, 2013 – Global optimism in the food and beverage sector is high according to a new report just released by Grant Thornton  International  Ltd. This international study with a Canadian perspective was released this morning by Raymond  Chabot Grant  Thornton during a conference organized with the Conseil de la transformation agroalimentaire et des produits de consommation.

The new study, A Hunger for Growth: Food and Beverage Looks to the Future, indicates that an improved global economic outlook creates a favourable climate for the food and beverage sector. The new-found optimism from producers in the sector is leading 90% of them to expect revenues to increase in the near term. The vast majority of them also expect profits to increase, with 25% expecting double-digit growth in product sales.

Guy  Barthell, Partner in the Management Consulting Group and agri-food specialist with Raymond Chabot Grant Thornton stated, “Food and beverage companies are fired up. After a few challenging years, business leaders are anticipating a period of growth and increased investment. The focus for investment is on efficiency gains to ensure that profitability keeps pace with growth and on new product development in order to cater to changing trends and tastes here in Quebec, in Canada and, increasingly, in newer markets. Furthermore, a future free trade agreement with the European Union suggests that new export avenues could be explored, albeit with a number of challenges that Quebec producers will need to prepare  for.”

Because of the geographic and economic proximity to the United States, and because the American food and beverage industry is re-emerging, opportunities also abound south of the border for Canadian producers. Jim Menzies, Grant Thornton’s International Food and Beverage leader and a Partner in the Canadian firm of Grant  Thornton  LLP, said, “Consumer tastes and trends here in Canada are quite similar to those of the U.S., giving Canadian food and beverage manufacturers a unique opportunity to capitalize on the re-emergence of the U.S. consumer market. Housing starts are up, consumer loan delinquency rates are back to normal, and people are starting to spend again in the U.S. The combination of all of these factors leads to growth opportunities within the Canadian industry.”

Investment expectation

With rising optimism comes rising investment. Overall, 64% of Canadian firms expect that investment in plant and facilities will increase over the next 12 months. Eighty-three percent of global producers expect investment in equipment to rise over the next year, with Canada slightly higher at 90%, and 84% of Canadian producers also plan to increase their product development investment.

Top drivers of business growth in Canadian food and beverage manufacturing

Topping the list of key growth drivers is access to a skilled workforce, being mentioned by 75% of Canadian respondents. Rounding out the top five are new technology (64%), quality of suppliers (52%), exports (50%), and new equipment (39%).

Constraints to growth

When asked to rank the top constraints to growth, Canadians ranked the power of retailers (60%), challenges finding skilled workers (42%) and government regulations (40%) as the top three.

Power of retailers is higher than global (53%) and U.S. (47%) numbers, and possibly a reflection of the particularly concentrated Quebec and Canadian retail environment. Canadians were also more likely to indicate that finding skilled workers was a top growth constraint compared with their U.S. counterparts.

Food and beverage trends

Canadian businesses are more likely to seek out new channels (60%) than those in the U.S. (44%) and are above the global average of 57%; they are slightly less likely to focus on creating new products than other markets. Around the world, most manufacturers report that they are looking  at packaging innovations (nearly six in ten companies).

Trends like organic foods seem to play better with manufacturers south of the border: 54% of U.S. respondents say they will have a positive impact compared to 39% in Canada. On the other hand, U.S. manufacturers are more likely to see the negative effects (37%) from the trend towards healthy/nutritious food and beverages, whereas in Canada, 69% think it will be positive. This might be reflective of overall healthier products available to health-conscious Canadian consumers.

When it comes to ethnic food and beverages, the Canadian melting pot seems to be spicier. In Canada, 53% say ethnic product trends will have a positive effect, compared with only 36% of U.S.  respondents.

Canadian respondents are also more likely to expect positive effects from premium and luxury food and beverage trends (69%) than global (60%) or U.S. (57%) respondents, while the U.S. seems to see private-label brands (50%) more positively than Canadian (31%) and global (36%) respondents.

Impact of government

The report indicates that the industry is sensitive to the impact of government actions. A large number of companies in Canada (45%) and the U.S. (43%) predict that food-labelling regulations will have a negative effect on their organization—higher than the global average of 38%.

Those in the U.S. are more likely to see government food traceability regulations having a negative effect (46%) versus 37% in Canada. Twice as many Canadians surveyed say that nutritional guidelines will have a positive effect on their organization compared with respondents in the U.S. (31% vs. 14%).

U.S. respondents are more than twice as likely to expect tax regulations to have a negative impact (75%) than Canadians (33%), whereas Canadians are more likely to report positive effects of R&D tax credits (33%) than in the U.S. (23%).


Food and beverage manufacturers are more likely to turn to social media platforms like Facebook (49%) and their own website (78%) over traditional media like print advertising (46%). These numbers are even stronger in Canada, with 84% using their corporate website, but print advertising (48%) still wins out over social media (42%) in Canada. U.S. companies are much more likely to use Twitter (29%) than Canadian firms (8%).

Guy Barthell concludes, “If I had one piece of advice for Quebec food and beverage manufacturers, it would be this. Given this positive outlook, plan how you’re going to take advantage of it. Learn to capitalize on consumer trends and focus on innovation in both products and productivity. Innovation will open the door to opportunity and export possibilities, especially in an optimistic growth market.”

A Hunger for Growth: Food and Beverage Looks to the Future examines the global food and beverage sector¾financial position, trends and constraints¾as well as presents forecasts by specialists around the world.

About Raymond  Chabot Grant  Thornton: Founded in 1948, today Raymond  Chabot Grant  Thornton is a leader in the fields of assurance, tax, consulting services, and business recovery & reorganization. Its strength is based on a team of almost 2,400 people, including some 230 partners in more than 100 offices in Quebec, eastern Ontario and New Brunswick. For the past 30 years, Raymond  Chabot Grant Thornton has been a member of Grant  Thornton Internationa l Ltd, providing clients with the expertise of the member and correspondent firms in more than 100 countries.

– 30 –

Source – Information:

Marie-Eve Carignan
Communications Manager
Raymond Chabot Grant Thornton
Tel.: 514 954-4611
[email protected]