26 Feb 2016
Emilio B. Imbriglio
President and Chief Executive Officer | FCPA, FCA, MBA, CFE, ICD.D.

“Our firm takes the competitiveness and performance of wealth-creating businesses to heart. Their success leads the success of society at large. Let’s help them achieve their full potential for growth.”
– Emilio B. Imbriglio, President and CEO

MONTRÉAL, February 26, 2016 – Raymond Chabot Grant Thornton took advantage of the federal and Quebec governments’ pre-budget consultations to propose certain measures designed to make local dynamic businesses more competitive. The recommendations were transmitted to the Ministers of Finance.

In presenting its recommendations, the firm focused on three areas it deemed significant: tax incentives, entrepreneurial succession and innovation. “In the current economic context, businesses need some fresh air. Quebec and Canada’s corporate taxation is a major burden that stifles their investment capacity whereas as they need to create more wealth both locally and abroad to set themselves apart and remain competitive,” asserted Emilio B. Imbriglio, President and CEO.

Tax incentives

In terms of taxation, the firm proposes, among other things:

  • That the federal and Quebec governments abolish corporate tax for SMEs earning less than $500,000, on the condition that they invest the amounts saved in productivity, employment and innovation;
  • That the federal and Quebec governments amend the tax legislation to create fairness for business transfers to family members for all business in all sectors and that they quickly harmonize their respective tax legislation accordingly.

Entrepreneurial succession

In terms of the succession, the firm has proposed:

  • That the federal and Quebec governments create a fund to support businesses assisted by professionals in implementing a formal and comprehensive succession plan.
  • That the federal and Quebec governments develop new mechanisms to ensure that business succession plans are efficiently carried out, such as by certifying professionals and accrediting plans.

Innovation

In a third strategic area, Raymond Chabot Grant Thornton proposes, for example:

  • That the federal and Quebec governments create an innovation tax credit to help SMEs increase their technology investments and pursue their growth.

Other initiatives were proposed in the notices to the Ministers of Finance. To find out more about the measures proposed to the Quebec government, read the letter to Minister Carlos Leitão at www.rcgt.com/qcbudget-consultation-2016-2017 (in French). For the recommendations submitted to the federal Minister of Finance, Bill Morneau, go to www.rcgt.com/federalbudget-consultation-2016 (in French).

“Raymond Chabot Grant Thornton is proud to have been supporting local businesses for more than 65 years. Their success is our objective, and we are in an excellent position to understand their situation, identify their needs and advise them in a way that meets their expectations. This is why the measures suggested are important to stimulate Quebec and Canada’s growth, while contributing to establishing a tax regime better adapted to the situation of our economic drivers, that is, our wealth-creating businesses,” Imbriglio concluded.

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.

– 30 –

Source:

Francis Letendre
Senior Consultant – Public Relations
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
letendre.francis@rcgt.com

26 Feb 2016  |  Written by :

Mr. Imbriglio is partner and the President & CEO of Raymond Chabot Grant Thornton. He is in charge...

See the profile

Next article

25 Feb 2016
Emilio B. Imbriglio
President and Chief Executive Officer | FCPA, FCA, MBA, CFE, ICD.D.

In an article in Les Affaires, Renée Gladu, Tax Partner at Raymond Chabot Grant Thornton, explains the tax rules all investors need to know. In it, she discusses the issue of holding the same security in several accounts and reveals potential traps to watch out for. To find out more, click here to read the article.

26 Feb 2016  |  Written by :

Mr. Imbriglio is partner and the President & CEO of Raymond Chabot Grant Thornton. He is in charge...

See the profile

Next article

25 Feb 2016
Emilio B. Imbriglio
President and Chief Executive Officer | FCPA, FCA, MBA, CFE, ICD.D.

As a speaker at the 38th annual congress of the Quebec Fish Processors Association, which took place from January 26 to 28, 2016, Manager in Advisory Services Jean-Philippe Brosseau revealed the importance of partnerships for the future of the fishing industry. He also sat down with Maude Rivard, host of Au cœur du monde, for an interview that played on January 26 on Radio-Canada radio in the Gaspésie-Les-îles-de-la-Madeleine region.

26 Feb 2016  |  Written by :

Mr. Imbriglio is partner and the President & CEO of Raymond Chabot Grant Thornton. He is in charge...

See the profile

Next article

17 Feb 2016
Emilio B. Imbriglio
President and Chief Executive Officer | FCPA, FCA, MBA, CFE, ICD.D.

Sherbrooke, February 17th, 2016 – Keeping up with its tradition, the Raymond Chabot Grant Thornton’s Sherbrooke office started the year off with an art exhibition. Under the honorary co-chairmanship of Messrs. Steve and Stephan Elkas, of Steve L. Elkas Funeral Home, a hundred business people and artists from the area gathered yesterday evening in the Sherbrooke office for the private viewing.

The exhibition, jointly set up by Raymond Chabot Grant Thornton and La Grande Virée Artistique de Sherbrooke, will be opened until June 10th, 2016 and displays thirty or so works of art from local artists, which include works from Mrs. Marilène Laprise and Mrs. Célyne B., painters, as well as from Mr. Régis Canuel, sculptor.

People are invited to come see the exhibit for free at the Raymond Chabot Grant Thornton office, located at 455 King West Street, suite 500, in Sherbrooke, between 8:30 a.m. and 5 p.m.

“To support artists and their works is a perfect way to showcase the talent that we have locally. Culture is most certainly a great lever for economic development. Our artists, like business people, are actively contributing to the growth of our community. It is why we are very proud to provide these creatives with a unique place to exhibit their works of art since 1987”, Raymond Chabot Grant Thornton’s Eastern Townships’ Vice-President, Mr. Guy Fauteux, stated.

“La Grande Virée Artistique de Sherbrooke is very happy to partner up once again with the biggest accounting firm in Québec to make local artists’ works of art known to a broader public. The talent of our art creatives must be better recognized and our collaboration with the business community shows our common purpose to provide them with means to fulfil their goals and ambitions”, concluded the President of the organization, Mrs. Nancy Asselin.

Always having in mind a concern to innovate and support the local organizations, Raymond Chabot Grant Thornton took advantage of this private viewing to announce a new partnership with the Sherbrooke Symphony Orchestra (OSS). The firm is also proud to sponsor a trio of musicians, which will be named Le Trio RCGT. This trio will play for various events (weddings, symposiums, anniversaries, etc.) at an affordable cost. Do not hesitate to contact the OSS for more information.

Vernissage Sherbrooke
(Above) Stephan Elkas , vice-president, Résidence Funéraire Steve L. Elkas, Guy Fauteux, regional vice-president, Raymond Chabot Grant Thornton, Steve Elkas, president, Résidence Funéraire Steve L.Elkas, Céline B., painter, Marilène Laprise, painter, Régis Canuel, sculptor, and Nancy Asselin, president, La Grande virée artistique de Sherbrooke.

Vernissage Sherbrooke

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.

About La Grande Virée Artistique de Sherbrooke

La Grande Virée Artistique de Sherbrooke was founded in 2002 under the initiative of a group of Sherbrooke artists, renowned on the provincial and national stages. This event is a summer road trip, covering the 6 boroughs of Sherbrooke, and takes place over two long weekends, spreading from the end of June to the beginning of July. It highlights the local artistic talents, whether in visual arts or crafts. For the past 14 years, La Grande Virée Artistique de Sherbrooke has allowed to promote more than a hundred artists in Sherbrooke’s cultural milieu. It’s a significant event offered to art lovers so they can discover entirely different worlds, learn about various techniques and expertise and have the chance to talk one-on-one with the artists. La Grande Virée Artistique de Sherbrooke, proud of its coming together with the business community, now presents a cultural display with the latter through its important partnership with Raymond Chabot Grant Thornton, and also with La Virée Art Affaires, recently agreed upon with 10 Sherbrooke businesses.

Source:

Francis Letendre
Senior Consultant – Public Relations
Raymond Chabot Grant Thornton
Tel.: 514 390-4201
letendre.francis@rcgt.com

26 Feb 2016  |  Written by :

Mr. Imbriglio is partner and the President & CEO of Raymond Chabot Grant Thornton. He is in charge...

See the profile