13 Feb 2014

Within the context of a consultation conducted by Industry Canada on science and technology, Raymond Chabot Grant Thornton decided to submit recommendations to the federal government, in view of its keen interest in research and development issues and its solid expertise in this field. To further ensure the sustainability and competitiveness of Canada’s businesses, Raymond Chabot Grant Thornton is convinced that the federal government has every interest in investing more and better in innovation.

For many years, the firm has supported companies operating in Quebec and in the Ottawa and Edmundston areas to determine the projects and activities that particularly satisfy the criteria of the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program. We have multiple intervention sectors and, in this regard, our mission is to anticipate our clients’ changing needs, by constantly adapting our services to the markets’ emerging realities. We support companies in technology development partnerships and we give them our backing so that they can fully contribute to the economic growth of Quebec and Canada.

The Raymond Chabot Grant Thornton response, tabled on February 7, 2014, recommends certain points with the aim of improving business investments in R&D and innovation. More specifically, the opinion answers one of the questions raised by the consultation: “Building on the advice provided by the Expert Panel on Federal Support for Research and Development, what more can be done to improve business investment in R&D and innovation? “

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11 Feb 2014

MONTRÉAL, February 11, 2014 – Raymond Chabot Grant Thornton is proud to release its post-budget tax bulletin again this year with the objective of providing the public with abridged, easily understandable and relevant information about the main tax measures that will apply to individuals and businesses in the coming year.

“The dual objective to this document prepared by a team of tax specialists during the lock-up is to promote the prompt dissemination of the tax changes announced and prepare a concise reference for taxpayers to help them avoid unpleasant surprises,” stated Jean Gauthier, Partner and National Tax Leader.

To view the post-budget tax bulletin, go to: www.rcgt.com/en/2014-federal-budget.

Staying the course towards a balanced budget

The Economic Action Plan 2014 tabled today does not include any new taxes on families and businesses. It would appear that any reductions in individual tax burdens are being postponed. Balancing the budget next year will generally rely on freezing departments’ operating expenses. The Harper government projects that the deficit will decline in 2014–2015, to generate a surplus of $6.4 billion in 2015-2016.

“We’ll have to wait until next year to see the ‘real’ budget, given the projected budget surplus and election context,” stated Tax Partner, Luc Lacombe. “Some of today’s measures will foster employment and support growth, such as the Canada First Research Excellence Fund and additional investments in the Canada Accelerator and Incubator Program to help entrepreneurs create new companies and realize the potential of their ideas through intensive mentoring,” Lacombe went on to say.

Tax equity and business transfers: the continuity of our businesses depends on the resolution of this issue

For the past three years, Raymond Chabot Grant Thornton has been applying pressure on the federal government and the Finance Minister to make the business transfer process more equitable from a tax perspective.

“Given the pivotal role entrepreneurs play in our economic development, there is every reason to be concerned that the tax inequity regarding family businesses has not been resolved. Raymond Chabot Grant Thornton believes that if we are to prevent relocations, keep dynamic Canadian family business under the control of Canadians and help them achieve their full potential, tax legislation must be amended so that the capital gain on an intergenerational business transfer is no longer considered a dividend,” stated Emilio B. Imbriglio, President and CEO.

“Unfortunately, it is always less beneficial for a Canadian business owner to sell the family business to a son or daughter than to a stranger,” added Jean Gauthier. “In fact, at this time, the seller loses the benefit of the $800,000 capital gain deduction benefit, which is not the case when the business is sold to a third party,” Gauthier explained.

The report Business Transfers: Problems and Suggested Solutions may be viewed at: http://www.rcgt.com/en/news/business-transfers-report/

About Raymond Chabot Grant Thornton

Founded in 1948, today Raymond Chabot Grant Thornton is a leader in the fields of assurance, tax, consulting services, and business recovery & reorganization. Its strength is based on a team of almost 2,400 people, including some 230 partners in more than 100 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 clients with the expertise of the member and correspondent firms in more than 100 countries.

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

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10 Feb 2014

Raymond Chabot Grant Thornton recently established a partnership with Gestion CVMC inc., an independent firm specializing in solution integrators. It guides companies in their approach of evaluating or changing enterprise resource planning (ERP) systems.

Gestion CVMC inc. has special expertise in accounting and finance, information technology and implementation of enterprise resource planning (ERP). Focusing on respect for the company’s personality and values, the firm’s role is to define the client’s IT language needs and guide the client in selecting the solution and its integrator. The need is detected when the client expresses discomfort or new needs regarding the operational management system in place.

Regardless of whether the issues concern business processes, competitive position, the organization’s image or human resources, the interventions performed on enterprise resource planning systems can significantly increase profitability, customer satisfaction, and the company’s reputation and efficiency.

Uniting the efforts and expertise of both parties, this partnership will enable us to serve our clients proactively and offer them customized service, in a shared objective of achieving their full potential.

For more information on this subject, contact Gilles Savard, Senior Manager, IT Consulting at Raymond Chabot Grant Thornton, Christian Van Moorhem, President of Gestion CVMC inc. and Martine Dufleit, Project Director and Partner, Gestion CVMC inc.

Gilles Savard
Gilles Savard, CA, CA-TI, CISA, PMP, ITIL
Senior Manager, IT Consulting, Raymond Chabot Grant Thornton
514 954-4624
[email protected]
LinkedIn Profile
Christian Van Moorhem Christian Van Moorhem, MBA, CPA, CA, CA-TI
President of Gestion CVMC inc.
450 696-1212
[email protected]
LinkedIn Profile
Martine Dufleit Martine Dufleit
Project Director and Partner
450 696-1212
[email protected]
LinkedIn Profile

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06 Feb 2014

On November 21, Raymond Chabot Grant Thornton inaugurated its new offices in Rimouski, with a cocktail party attended by clients, business partners, RCGT partners and employees from the Lower St. Lawrence region.

During the evening, over 115 people were able to engage in discussions with our professionals and our distinguished guests, while discovering Raymond Chabot Grant Thornton’s larger and more functional new offices. This new layout will enable the firm to continue its growth while offering our clients and our employees an environment that reflects our leadership and our concern for excellence!

Welcome and best wishes for success to the entire Rimouski office team and all our clients!

Donald Bélanger, Michel Proulx, Michel Cavanagh, Emilio B. Imbriglio

(From left to right) Donald Bélanger, representative of the Mayor of Rimouski, Michel Proulx, Regional Vice-President, Michel Cavanagh, partner at the Rimouski office, and Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton.

Gino Gosselin, Guy Lemieux, Pierre-Olivier Berger, Pierre Murray

Members of the region’s experienced tax team were also present. (From left to right), partners Gino Gosselin (Matane) and Guy Lemieux (Matane), accompanied by Pierre-Olivier Berger, consultant, and Pierre Murray, Senior Manager, both from the Rimouski office.