18 Nov 2011

MONTRÉAL, November 18, 2011 – As the Government of Quebec’s Minister of Economic Development, Innovation and Export Trade, Sam Hamad, takes the podium today at the Board of Trade of Metropolitan Montreal to talk about entrepreneurship, Raymond Chabot Grant Thornton applauds the new government measures to develop a true Quebec culture of entrepreneurship.

“The Quebec entrepreneurship strategy (Stratégie québécoise de l’entrepreneuriat) announced by Quebec Premier, Jean Charest, among others, is certainly a positive development in supporting business successors and a key issue for our competitiveness,” said Chief Executive Office, Jean Robillard.

Given the importance of business succession to Quebec’s prosperity, the Firm has developed a Businses Succession and Continuity practice, which brings together several Firm network specialists. “For a successful business transfer, it is imperative to consider all issues, that is, tax-related, strategic, human, legal and financial. This is why our practice includes experts in human resources, management, financing, accounting and taxation,” noted Management Consulting Partner, Éric Dufour, adding that, “the government’s strategy to give business leaders the tools to develop best practices that may increase their business’s future profitability and its skills investment measure (Investissement–compétences) are of particular interest for business transfers.”

Despite these announcements, Raymond Chabot Grant Thornton believes that true entrepreneurship success in Quebec and Canada depends on tax equity for business transfers. In its entrepreneurship strategy, the government of Quebec emphasizes the idea of reviewing family business transfer taxation in coordination with the government of Canada. “We will continue to lobby for this because, remember, an owner who sells his company shares to a third party or to foreign interests rather than to a family member’s company always has a greater tax advantage because he can claim a capital gains exemption of up to $750,000,” concluded Jean Gauthier, Tax Partner.

About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton is a leader in the fields of assurance, taxation, consulting and recovery and reorganization services. The Firm owes its success to over 2,000 employees, including more than 225 Partners in over 90 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 its clients with the expertise of the member and correspondent firms in more than 100 countries.

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For more information:

Francis Letendre
Public Relations Consultant
Raymond Chabot Grant Thornton
T.: 514-390-4201
C.: 514-554-1685
[email protected]


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17 Nov 2011

The Ordre des conseillers en ressources humaines du Québec has just published a code of conduct for executive search consultants, which completes the Ordre’s code of ethics. Michèle Perryman, Director of the executive search practice in our Firm, was selected to be the Ordre’s spokesperson in a video designed to inform the Ordre’s members and general population about the code.

The six-minute professionally shot video emphasizes the idea that respecting candidates and the transparency of all parties at each step must be the foremost concern of all executive searches. The video also explains the difference between the services offered by placement agencies and by executive search firms. Ms. Perryman was on the eight-person committee that developed the executive search code of conduct.

Watch the video (in French)

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17 Nov 2011

Good news for our Recovery & Reorganization Group! On November 8, 2011, Raymond Chabot inc. acquired Serge Morency et Associés inc., better known as Morency Conseil, a firm specializing in insolvency since 1988.

“This acquisition reinforces our presence in the Québec City region with a new office on Charest boulevard that gives us great visibility,” said André Champagne, Recovery & Reorganization Partner in the Québec City office.

As a result, Raymond Chabot inc. is pleased to welcome Pierre Lortie, Trustee, on board as a Senior Director. He will be working for both Québec City offices (on Grande-Allée and Charest boulevards) as well as the Vanier office. Serge Morency will be involved in the transition over the next two years.

Welcome to all and much success at Raymond Chabot inc.!

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16 Nov 2011

Raymond Chabot Grant Thornton is proud of its auditor role in the finalization of an unprecedented partnership arrangement in Quebec between Sobeys and the National Bank of Canada (NBC).

Under the mutual agreement, Sobeys will be able to sell carbon credits produced as a result of improvements to its stores to the National Bank, thereby making it possible to neutralize all of its GHG emissions. This arrangement is the first of its kind between two Quebec-based private companies.

To learn more about the partnership, consult the joint memo issued by Sobeys and NBC!