20 Jun 2017
Guy Fauteux
Vice-President, Partner | FCPA, FCA | Assurance

Sherbrooke, June 20th, 2017 — Committed to supporting the region’s art community, Raymond Chabot Grant Thornton’s Sherbrooke office and La Grande Virée Artistique de Sherbrooke are honouring a fresh new talent with the Claude Métras Award (Prix Claude Métras).

The art show will be held from June 21st to September 1st, 2017 at the firm’s offices. We are welcoming the public to attend and view an artwork display from 19 up and coming artists and vote for their favourite pieces.

“We are thrilled to be associated with this art show hosted in our office and to welcome the public for a viewing. We have been hosting these events for more than 30 years in order to promote the emergence of young local artists. We are proud to support the arts and young talents.” stated Mr. Guy Fauteux, Vice President of the Eastern Townships of Raymond Chabot Grant Thornton.

La Grande Virée Artistique de Sherbrooke is once again proud to partner  with the top accounting firm in Québec to help promote local artists’ art work within the community. Our artists’ talent deserve better recognition and partnering  with the business community demonstrates our commitment to provide them with the means to fulfill their goals and ambitions”, concluded Ms. Nancy Asselin,  President of the organization.

About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton has become a Canadian leader in the fields of assurance, taxation, consulting services, business recovery and insolvency. The strength of the firm lies in a team of over 2,300 people, including 200 partners. Together, Raymond Chabot Grant Thornton and Grant Thornton LLP, another Canadian member firm of Grant Thornton International Ltd, help the Canadian dynamic organizations unlock their maximum growth potential, with more than 4,200 people working in 140 offices across Canada. Grant Thornton International Ltd gives its clientele access to the expertise from member and correspondent firms located in more than 130 countries, with over 47,000 professionals.

About La Grande Virée Artistique de Sherbrooke

La Grande Virée Artistique de Sherbrooke was founded in 2002 under the initiative of a group of Sherbrooke artists, renowned on the provincial and national stages. This event is a summer road circuit, covering the six boroughs of Sherbrooke, and takes place over two long weekends, spreading from the end of June to the beginning of July. It highlights the local artistic talents, whether in visual arts or crafts. For the past 15 years, La Grande Virée Artistique de Sherbrooke has promoted more than a hundred artists in Sherbrooke’s cultural community. It’s a significant event offered to art-lovers interested in discovering different worlds, learn about various techniques and expertise, and have an opportunity to meet and talk with the artists.

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Source:
Sarah Ouannou
Media Consultant
Raymond Chabot Grant Thornton
Tél. : 514 878-2692 ext. 5717
[email protected]

20 Jun 2017  |  Written by :

Guy Fauteux is a vice-president at RCGT. Contact him today!

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19 Jun 2017
Guy Fauteux
Vice-President, Partner | FCPA, FCA | Assurance

Are you among the 25% of Canadian owners who are only paying interest or the bare minimum on their home equity line of credit? If so, be careful because even if the rate is better than that of a regular line of credit, with a home equity line of credit, you’re only paying back the interest without necessarily paying part of the capital. The Financial Consumer Agency of Canada is warning consumers of the potential indebtedness dangers of such a product.

Pier-Paul Belzil-Lacasse, Lead Senior Manager, Turnaround and Licensed Insolvency Trustee, comments on the situation and offers advice for properly managing a home equity line of credit during an interview with TVA Abitibi-Témiscamingue (go to 12 min 5 sec) on June 9, 2017.

20 Jun 2017  |  Written by :

Guy Fauteux is a vice-president at RCGT. Contact him today!

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13 Jun 2017
Guy Fauteux
Vice-President, Partner | FCPA, FCA | Assurance

In a Journal de Montréal article published on May 5th, Éric Lebel, Partner and Licensed Insolvent Trustee, analyzed the situation of a 79 year old divorced man with a gambling problem, low income, seven credit cards and over $30,000 in debt!

“Because of his low income, he’ll never be able to repay his credit card debt. Bankruptcy may be the only viable option. It’s a last resort, but in the circumstances, he should seriously consider this alternative in order to recover his financial health,” Lebel stated.

Over 40% of insolvency cases involve people 50 years of age and over

Lebel went on to say, “When people retire, they don’t change their spending habits and use their credit card to compensate. Over time, their debt increases and their situation becomes unmanageable.”

For more information, go to the May 5th article in the Journal de Montréal.

Five Tips to Help Seniors Reduce Their Debt

If you’d like to learn more about indebtedness over the age of 50, you can also listen to Éric Lebel’s interesting article on Salut Bonjour from May 12th, where he draws a portrait of over-indebtedness in this population segment and gives five debt reduction tips.

20 Jun 2017  |  Written by :

Guy Fauteux is a vice-president at RCGT. Contact him today!

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12 Jun 2017
Guy Fauteux
Vice-President, Partner | FCPA, FCA | Assurance

Planning a business’s transfer is a key step. According to Éric Dufour, Regional Vice-President and National Leader of Business Succession, “It’s important that the process be carried out under a well-thought out succession plan over five to eight years.” Managing a business is often presented as an attractive project, but you need to know what the challenges are and make sure that the person taking over the business has the right profile and knows how to get support from the right people.

Advice for Sellers

Surprisingly, 90% of entrepreneurs who are about to transfer their business don’t have a transfer plan! Such a plan is essential and should be based on five key components, such as the successors, financing, strategic planning, etc.

For more information on business transfers, read the article published in Le Soleil on May 12, 2017, Conseils de Raymond Chabot Grant Thornton and the National Bank website blog Reprendre l’entreprise de ses parents, un défi possible à relever.

20 Jun 2017  |  Written by :

Guy Fauteux is a vice-president at RCGT. Contact him today!

See the profile