21 Nov 2011


On Wednesday November 16, 2011, A. Marc Deschamps and Christine Régimbal, Assurance Partners with the Montréal office alongside Scott MacDonald, Head, Pensions, Insurance, Financial Institutions Product at RBC Dexia Investor Services, presented the conclusions of a pan-Canadian study sponsored by Raymond Chabot Grant Thornton and RBC Dexia, during a noon-hour seminar held in RCGT’s offices.

The study results indicate that 83% of participants in defined benefits (DB) plans are optimistic and believe that when they retire, their organization’s DB plan will have sufficient money to pay them. Moreover, only 5% of members claim that they recall reading, seeing or hearing about underfunding problems or deficits in DB plans.

Additionally, 31% of participants indicated that they didn’t know what percentage of their current annual income they will need to achieve their expected standard of living in retirement. And, when queried as to their planned recreational activities in retirement, 59% said they would do things that they couldn’t while they were working, such as travelling.

A. Marc Deschamps, Assurance Partner with Raymond Chabot Grant Thornton, said: “The questions being asked regarding Canadian DB plans and the challenges facing them are totally unclear to members of such plans. With each new well-known DB plan that is beset with difficulties, particularly in a financial market that is so unstable and volatile, DP plans are faced with an increasing urgency to make their members more aware of the health and sustainability of their specific DB plan.”

To view the full report, click here. To see A. Marc Deschamps’ interview on the subject on the TV show Argent, click here (video entitled “Ils n’y comprennent rien”).

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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.!