27 Nov 2019

New entrepreneurs have received a welcome boost through workshops designed to better equip them to start their businesses.

The RCGT Academy makes it easier to access experts and offers distinctive guidance to support entrepreneurs in the deployment of their business.

This first cohort included eight entrepreneurs from the New Beauce region and the city of Sainte-Marie-de-Beauce.

“The RCGT Academy is a short five-course workshop of covering all aspects relating to the challenges facing entrepreneurs who want to ensure the successful start-up of their business. I feel better equipped!”

Catherine Fournier, Cliche, Laflamme, Loubier lawyers

“I learned a lot and the content was very relevant! The presenters are very generous and explained using easy-to-understand language. Furthermore, as participants, we all felt at ease to share our experiences because we are all living something similar .”

Marie-Christine Lavoie, MP Déneigement

These courses were graciously offered by Steeve Vachon, Tax Partner, and Chantal Gravel, Senior Assurance Manager at our firm.

Given the success of this first cohort, the firm is launching a second one that will be offered as of January 20, 2020.  Apply online. Don’t delay, places are limited!

Académie RCGT - Cohorte 3019

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07 Nov 2019

A New Strategic Education and Business Partnership, the Industrial Research Chair in Blockchain Technologies, is launched

MONTRÉAL, November 7, 2019Concordia University, Raymond Chabot Grant Thornton and its blockchain technology subsidiary, Catallaxy, with the financial support of the Natural Sciences and Engineering Research Council of Canada (NSERC), have joined forces to create the new Raymond Chabot Grant Thornton-Catallaxy-Concordia-NSERC Industrial Research Chair in Blockchain Technologies.

This innovative partnership will combine the talents of business analysts, accountants, software developers, engineers and graduate students to conduct studies and analyses to assess blockchain technologies and their impacts, specifically regarding current financial regulations.

With budget of more than $1.38M for the next five years, this first blockchain research chair in Quebec will, among other things, document the positive impacts of blockchain technology on financial infrastructure, evaluate its potential applications and consider how to manage its use, particularly with cryptocurrencies, in a constantly evolving technological world.

The Chair will also address the governance of these new technologies, thereby helping to protect Canadian investors and consumers. Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton says:

“Our partnership with Concordia will allow Catallaxy and Raymond Chabot Grant Thornton to deepen our knowledge and enrich our interventions by working with a talented team of brilliant university researchers. This rich academic expertise will allow our firm to be at the technological forefront while meeting the growing and changing needs of local organizations and supporting their growth.”

Louis Roy, Catallaxy President and Assurance Partner, is proud to be associated with the talented researchers at Concordia University. “The work of this new research Chair will enable us to make significant progress in the audit of digital assets and blockchain. At Catallaxy, we create tools to assist our auditors in advising organizations about the new technological and financial realities. This Chair will allow us to explore innovative approaches in order to maintain the highest quality standards.”

Raymond Chabot Grant Thornton-Catallaxy-Concordia-NSERC Industrial Research Chair in Blockchain Technologies and Associate Professor at the Concordia Institute for Information Systems Engineering in the Gina Cody School of Engineering and Computer Science, Jeremy Clark, is pleased to be able to count on the collaboration of a major professional services firm that is constantly innovating by developing technological solutions for local businesses.

He adds: “Our objective in working closely with Raymond Chabot Grant Thornton and Catallaxy experts is to achieve results that are useful in meeting industry needs. Our research will address cases specific to current and future challenges related to financial technologies and audit systems.”

Chaire Concordia RCGT blockchain

About Raymond Chabot Grant Thornton

Raymond Chabot Grant Thornton is a professional services firm dedicated to the success of organizations and their leaders since 1948. The firm’s advisors are committed to helping clients thrive by obtaining a deep understanding of what is important to them, their business and their industry. This knowledge combined with a team of motivated and talented professionals help accelerate growth. A Quebec and Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization, Raymond Chabot Grant Thornton boasts more than 2,600 professionals, including approximately 200 partners, working in over 100 offices across the province of Quebec and in the Ottawa and Edmundston regions.

Together with Grant Thornton LLP, another Canadian firm, and the Grant Thornton global organization, our global footprint spans across more than 135 countries with over 53,000 people who provide real insight, a fresh perspective and agility to keep clients moving ahead.

About Catallaxy

Catallaxy, a Raymond Chabot Grant Thornton subsidiary, develops data authentication solutions. It has a group of experts in innovative technologies, such as cryptographic data analysis, blockchain, tokenization and artificial intelligence to develop targeted products and services that can help build trust in a digital economy. With more than 15 experts based in Montréal and nearly 50 strategic partners around the world, Catallaxy advises organizations on the transition to blockchain technology and other blockchain projects.

About Concordia University

As a next-generation university, Concordia reimagines the future of higher education on a continual basis. Located in the vibrant and multicultural city of Montreal, Concordia is among the most innovative universities in its approach to experiential learning, research and online education.

Source:
Francis Letendre
Head – Public Affairs Raymond Chabot Grant Thornton
Tel.: 514-390-4201
[email protected]

Fiona Downey
Senior Advisor, Public Affairs and Deputy Spokesperson
Concordia University
Tel.: 514-848-2424 ext. 2518
[email protected]

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31 Oct 2019

Catallaxy and Raymond Chabot Grant Thornton contribute to the successful creation of the first regulated cryptocurrency fund.

On October 30, 2019, 3iQ, an investment fund manager specializing in new technologies and crypto-assets, received a favourable ruling from the Ontario Securities Commission to create the country’s first regulated cryptocurrency fund: The Bitcoin Fund.

“We are particularly proud to have supported 3iQ in this process. In recent years, Catallaxy and Raymond Chabot Grant Thornton have invested time and money to develop comprehensive expertise and innovative tools to audit cryptocurrency funds. This means that we are now ready to respond to ever-growing market needs. The Ontario Securities Commission’s decision will undoubtedly have a major impact on Canada’s cryptocurrency funds sector”, said Louis Roy, Assurance Partner at Raymond Chabot Grant Thornton and President of Catallaxy.

3iQ expects to syndicate the offering as soon as possible and hopes to have the Fund listed and trading later this quarter.

The news is a very timely additional success for Catallaxy and Raymond Chabot Grant Thornton, since Catallaxy has just launched its new product, Abacus, the first software designed to audit crypto-assets. Abacus uses blockchain-related expertise to enable auditors to audit crypto-assets.

More than ever, Catallaxy and Raymond Chabot Grant Thornton are asserting their leading position on the cryptocurrency market.

Congratulations to the team for this successful assignment!

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10 Oct 2019

 

A bill introduced by U.S. Senator Marc Rubio would allow Canadians aged 50 and over to stay in the United States for eight months instead of six.

Every winter, over one million Quebeckers migrate to the warmer weather down in Florida. If this bill is adopted, it will enable the State of Florida to benefit from higher consumer income.

Martin Caron, Senior Manager, International Tax and Mobility, emphasizes: “If money is spent in another juridiction, the taxes are spent over there and not here.”

Caron specifies that this bill should technically not have an impact on income taxes, but rather on sales taxes.

“Take the two extra months multiplied by the number of people who will stay longer in Florida, and both Quebec and Canada will be losing out on sales tax income.”

Let’s not forget that while the U.S. law might change in this respect, Quebec legislation, especially with regard to health care, will remain unchanged for the time being.

Caron mentions that, under the Quebec Health Insurance Plan, Quebeckers cannot stay outside of the province for a period longer than six months. If the U.S. bill is adopted, some Quebec provisions will have to be adjusted for tax purposes, but nothing has been confirmed in this regard.

If you’re planning to retire under the sun, call on one of our international tax and mobility experts.

Read this article in the Journal de Québec (in French).

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