05 Oct 2020

It is with great enthusiasm that our firm’s Estrie region has donated a cheque of $12,535 to the Le Tandem organization as part of the OH Sommet RCGT event.

Saturday, March 14, 2020 was to mark the very first edition of the OH Sommet RCGT fundraising event. In partnership with Owl’s Head Ski Resort and Destination Owl’s Head, employees from our firm mobilized to organize a family activity that would simultaneously raise funds for a local organization. They chose Le Tandem, a social and community paediatrics centre that helps underprivileged children aged 0 to 17.

The Centre fosters a needs-based, integrated social medicine approach that builds on the strengths of the child, family and environment. Le Tandem’s mission is to enable children from all backgrounds to unlock their full potential.

Mobilizing for fundraising

In light of the pandemic, the event was cancelled due to the risks associated with spreading the virus during gatherings. Even though there was great disappointment, the organizing committee chose to multiply its solicitation efforts in order to help children in need. The actions of the organizing committee members demonstrate the importance of the firm’s involvement in the community.

Jean Gaouette, Raymond Chabot Grant Thornton Partner from the Magog office said: “I am very proud of the organizing committee, which persevered despite the situation. Our sense of belonging to the city of Magog and the Memphremagog RCM is very strong, and it is very important for us to give back to our community.”

Pierre Marcouiller and Johanne Bellemare from the Nexcap Foundation also believe in supporting Le Tandem. Like those involved in the OH Sommet RCGT event organization, they agree that it is essential to concretely participate in the health and well-being of one’s community. The Nexcap Foundation made a major donation so that Le Tandem, which welcomes, among others, toddlers in need, can continue its activities.

As for Olivier Bourdeau and Vincent Boutin, Raymond Chabot Grant Thornton employees and the event’s organizers, they feel this was a missed opportunity that they would like to revisit.

Bourdeau and Boutin added: “We created a beautiful event concept where families are welcome and can have fun while helping a cause we care about. We’re currently working on preparing a second edition that would take place while respecting the sanitary measures in force, and we hope to see this event come to fruition.

More details to come soon about the second edition. Meanwhile, get your skis ready!

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25 Sep 2020

Bill 42, introducing a new mandatory disclosure mechanism for nominee agreements in Québec1 received assent on September 24, 2020.

As a result, nominee agreements entered into in the context of a transaction involving tax consequences must now be disclosed to Revenu Québec, in the form and manner prescribed for that purpose.

Nominee agreements entered into before September 24, 2020 must be disclosed by December 23, 2020, i.e. 90 days after Bill 42 received assent.

Failure to comply with the new disclosure requirement will result in penalties up to $5,000, as well as the suspension of the limitation period on assessments.

Filing deadlines

Nominee agreements entered into after May 16, 2019 must be disclosed to Revenu Québec on the later of the following dates:

  • The 90th day following the conclusion of the nominee agreement; or
  • December 23, 2020, i.e.the 90th day following the day Bill 42 received assent.

Parties to such an agreement entered into before May 17, 2019 are also required to file a disclosure by these deadlines at the latest, to the extent that the tax consequences of the transaction or series of transactions in respect of which the agreement relates continue after May 16, 2019.

If you are a member of a partnership that is party to such an agreement, you are also subject to the disclosure requirement.

Disclosure requirement

The disclosure must be made through a Form TP-1079.PN-V, sent under separate cover by registered mail. It shall include all information required therein, including the following:

  • The date the nominee agreement was entered into;
  • The identity of the parties to the nominee agreement;
  • A full and sufficiently detailed description of the facts of the transaction or series of transactions to which the nominee agreement relates and the identity of any person or entity for which such transaction or series of transactions has tax consequences.

Do not hesitate to contact your Raymond Chabot Grant Thornton advisor who can help you determine which measures apply to your situation and assist you with the steps needed to comply with them.


1As announced by the Québec Ministry of Finance in Information Bulletin 2019-5 released on May 17, 2019.

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24 Sep 2020

Raymond Chabot Grant Thornton is proud to announce the appointment of Alain Gauthier, Tax Partner, as Vice-President of the Québec–Chaudière-Appalaches, Mauricie and Nicolet regions.

A Chartered Professional Accountant (CPA, CA) who is in charge of Commodity Tax services, Alain Gauthier joined the firm in 1996 as a Partner.

Since then, he has gained a reputation for leadership, coupled with credibility, dedication and transparency. Recognized for his professionalism by clients and peers, his words and actions reflect values based on collaboration, agility, discipline and performance.

He has a strong sense of loyalty and willingness to adapt to change in the face of this new normal. Find out how he sees the firm’s future in terms of leadership, client experience and employer branding.

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21 Sep 2020

Québec International and Raymond Chabot Grant Thornton are initiating concerted actions aimed at digital and technological transformation

Québec City, September 21, 2020 – Québec International and Raymond Chabot Grant Thornton are pleased to consolidate their efforts to support regional companies in initiating their digital transformation. Between September 24 and October 29, 2020, business leaders and entrepreneurs are invited to take part in the Manufacturier numériQC initiative, a series of six virtual conferences dedicated to innovation and technology.

To face the challenges of the years to come and seize business opportunities, Québec International and Raymond Chabot Grant Thornton are working together to support small and medium-sized manufacturing companies in their digital and technological transition. According to Carl Viel, President and CEO of Québec International: “Digital transformation is increasingly unfolding in the industrial landscape. Business growth includes Industry 4.0, which is an essential element in ensuring the economic prosperity of the region and of Quebec.”

Organized with the Investissement Québec competition, Manufacturier numériQC invites small and medium-sized enterprises (SMEs) to succeed in their digital transformation and carry out their projects in order to remain productive and competitive. With the presentation of feasible and effective digitization and optimization models tailored to the reality of manufacturing in Quebec, the program is centered around the experience of local companies and dialogue and on the following six conferences:

  • September 24, 2020 | Produits Exact and Festo Didactic
  • October 1, 2020 | FISO and APN Global
  • October 8, 2020 | Labplas and Preverco
  • October 15, 2020 | Biscuits Leclerc and A7 Intégration
  • October 22, 2020 | Robotiq
  • October 29, 2020 | Métal Bernard (Groupe Mundial)

Start your digital transformation off right with the 4.0 audit

“In a new business context that requires more agility and innovation from manufacturing companies supporting economic prosperity, the digital and technological transformation is an essential engine for business recovery, as well as sustainability. Catching up is no longer an option. Businesses must invest in a sustained manner to ensure continued increases in efficiency and income, fill labour shortages, and take on the challenge of global competitiveness.” notes Nancy Jalbert, CPA, CA, Management Consulting Partner and Raymond Chabot Grant Thornton’ leader of the Industry 4.0 practice. “Companies must take on the 4.0 challenge, and this shift requires preparation. The Industry 4.0 audit remains one of the structuring elements to start a real digital shift and is possible through a grant offered by Investissement Québec whereby experts from our firm are accredited to support businesses.” adds Jalbert.

Informative and structuring meetings for a successful digital transformation

Business leaders and entrepreneurs are invited to attend these conferences where they will learn how to improve their production. Managers will be able to experience the full potential of digital solutions for their manufacturing company and discover how a digital transformation is a promising investment for businesses.

For any questions or additional information about the Manufacturier numériQC conferences, click here.

Registration: click here.

Check out the video from Festo Didactic.

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 2,800 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 140 countries with over 56,000 people who provide real insight, a fresh perspective and agility to keep clients moving ahead.

About Québec International

Québec International contributes to the economic development and international outreach of the Québec City metropolitan area. As a regional economic development agency, Québec International fosters business growth, supports key clusters and attracts talent and investment to the area. For further information, please visit www.quebecinternational.ca.

Sources:

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

Sylvie Fortin
Senior Advisor – Public Affairs and Press Relations
Québec International
418-681-9700, ext. 260
[email protected]

Information:

Denis Beauchemin
Business Development Director – Digital Transformation and Industry 4.0
Québec International
418-681-9700, ext. 265
[email protected]