05 Oct 2012

NATIONAL public relations and Raymond Chabot Grant Thornton recently joined forces to create Entreprises engagées en technologies de l’information au Québec (EETIQ).

Tax Credit for the Development of E-Business

The purpose of this merger is to support businesses in their approaches to the government to extend the Tax Credit for the Development of E-Business deadline past December 31, 2015.

Initial meetings were held in Montréal on September 6 and in Québec City on September 20 where representatives of the businesses eligible for the credit (from the information technology and communications fields in Quebec) met with our experts to discuss the project’s overall objectives and strategies for attaining these objectives.

For more information on this project, contact Michel Lefebvre, Tax Partner, Montréal office.

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03 Oct 2012

Raymond Chabot Grant Thornton shared its observations regarding the federal consultation process on the impact fees have on the efficiency of the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program. As this is the most important industrial research and development program in Canada, our team of SR&ED experts made it a prerogative to get involved and inform the Canadian government of the realities of our practice and the steps that could improve the program’s efficiency.

Our team of experts includes experienced engineers, technical staff (all sectors and industries), tax specialists, lawyers and accountants. We have been helping our clients prepare their SR&ED claims for more than 20 years.

“We believe that contingent fees encourage the introduction of new SR&ED claimants. For current claimants, this type of fee promotes risk-sharing with consultants and a better alignment of the timing of fees and obtaining of credits,” stated Michel Lefebvre, Tax Partner and member of the firm’s SR&ED team.

This type of fee, which is a financial arrangement like any other, is popular in the field of SR&ED credit claims because results are unpredictable. “This lack of predictability is due to the great complexity involved in preparing a claim file and the inconsistency of decisions, which are based on professional judgment and as a result, are highly arbitrary,” added Michel Rheault, Tax Partner and also a member of the firm’s SR&ED team.

Raymond Chabot Grant Thornton believes that the best way to eliminate contingent fee billing is to increase the predictability of decisions. In this regard, the response submitted to the Government of Canada presents five measures:

  • Simplify the SR&ED program by making criteria easier to measure objectively;
  • Pre-approve SR&ED programs;
  • Create an innovation support program;
  • Have the CRA certify external SR&ED consultants;
  • Drive out “professional exaggerators”.

To read the publication please consult the publication > taxation section.

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02 Oct 2012

Congratulations to Eric Bonenfant, Senior Manager in the Montréal Management Consulting Group, who was named a Fellow (FCPA, FCMA) of the Society of Management Accountants of Canada during the recent annual FCMA gala.

The FCPA, FCMA title is a prestigious national and honorary distinction granted to CMAs who contribute to the outreach of the management accounting profession through their exceptional achievements and who are inspiring role models. The exclusive FCPA and FCMA group includes only 119 members in Quebec. Eric Bonenfant’s professional and personal achievements over the years, as well as his involvement with the Ordre des comptables professionnels agréés du Québec, earned him this recognition.

Pierre Fortin, Eric Bonenfant, Richard Gascon

In the photo, Pierre Fortin (left), Partner in Charge of the Management Consulting Group, and Richard Gascon, Consulting Partner at the Montréal office, highlight Eric Bonenfant’s (centre) important distinction.

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01 Oct 2012

In December 2011, as part of the 2011 Sommet Avantages (benefits summit), Christine Regimbal, Assurance Partner at the Montréal office, presented the results of a study on defined benefit pension plans that was conducted by Raymond Chabot Grant Thornton and RBC Dexia.

The benefits summit brought together defined benefit pension plan representatives and experts in the field. It examined strategies that can help promoters manage risk and prepare for future challenges in the industry, and protect plans against market volatility.

To view Christine’s presentation, go to:
http://www.conseiller.ca/files/2011/12/SommetPD2011_Christine-Regimbal.pdf

The Avantages magazine presented a few highlights:
http://www.conseiller.ca/files/2012/03/SommetPD_AVA2012.pdf