19 Jun 2015
Sarah Phaneuf
Partner | CPA, CA, M. Fisc., M. Sc. | Tax

In an article published on the Autosphere.ca site, Sarah Phaneuf, Tax Partner, discusses certain tax measures affecting SMEs in the automobile industry, mainly regarding the entrepreneurial succession.

Measures that will give companies a helping hand

Ms. Phaneuf points out the federal tax reduction for SMEs from 11% to 9% (reported in the firm’s post-federal budget press release). She also reminds readers of the slight reduction of the Quebec tax rate for companies that report taxable income over $500,000, which drops from 11.9% to 11.5%.

Nothing to encourage the succession

 Sarah Phaneuf regrets that the issue of intergenerational business transfer, which particularly affects automobile wholesalers and repair shops, is not resolved at the federal level, even though it is partly resolved in Quebec. “Unfortunately, in Canada, it is generally disadvantageous for an owner to sell his business to a company held by one of his children instead of a company held by a third party,” she explains. Quebec has restored fairness for the family succession in some sectors, “but the Federal Government has not announced anything in this sense,” the expert adds.

To learn more, see the article Budgets fédéral et provincial : rien pour encourager la relève (Federal and provincial budgets: nothing to encourage the succession)

 

19 Jun 2015  |  Written by :

Ms. Phaneuf is a partner at RCGT. She is your expert in taxation for the Sherbrooke office. Contact...

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17 Jun 2015
Sarah Phaneuf
Partner | CPA, CA, M. Fisc., M. Sc. | Tax
Emilio B. Imbriglio

Emilio B. Imbriglio

Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton, talks about creativity with journalist Isabelle Massé in an article published on La Presse +. The President and CEO emphasizes the importance of creativity in business and at work.

 Creative business people

For Mr. Imbriglio, creativity can be expressed in every field. “Traditionally, we associate creativity with the arts, which are fertile soil for new ideas. In my opinion, all fields of activity are just as fertile,” he explains. “The 2500 people who work at Raymond Chabot Grant Thornton are each creative in their field, in taxation, recovery, auditing and consulting,” the President and CEO illustrates.

Quebec fertile soil for creativity

Mr. Imbriglio considers that Quebec is particularly fertile soil for creativity. “I travel regularly throughout Quebec and what I see never ceases to amaze me. The province is full of creative genius,” he recounts. However, he regrets this creativity is not promoted enough at the international level. “We remain the best-kept secret on the planet (….) The challenge is to liberate this wealth.”

To find out more, see the article: “Les secrets de la créativité (Secrets of creativity), by Emilio Imbriglio”. (An erratum has been published to correct the name of the President and CEO.)

19 Jun 2015  |  Written by :

Ms. Phaneuf is a partner at RCGT. She is your expert in taxation for the Sherbrooke office. Contact...

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17 Jun 2015
Sarah Phaneuf
Partner | CPA, CA, M. Fisc., M. Sc. | Tax

In a L’Actualité article published on June 2, 2015, Jean-François Poulin, International Taxation Partner at Raymond Chabot Grant Thornton, explains why it is essential to consult an expert to plan your retirement in the sun.

Retirees who live abroad may become “tax residents” of their host country. However, the expert expresses some reservations about this attractive option for paying less tax. The “tax resident” option is not risk-free. Before jumping in, you must ask the right questions. For example, “in case of death, is your will valid in that country?” Jean-François Poulin asks. To avoid dangerous pitfalls, the Partner strongly recommends consulting a tax specialist.

To learn more, see the article Voyager à la retraite sans se ruiner (Travelling for retirement without ruining yourself)

 

19 Jun 2015  |  Written by :

Ms. Phaneuf is a partner at RCGT. She is your expert in taxation for the Sherbrooke office. Contact...

See the profile

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16 Jun 2015
Sarah Phaneuf
Partner | CPA, CA, M. Fisc., M. Sc. | Tax
Bernard Forget

Bernard Forget

Congratulations to Bernard Forget, Assurance Partner at the Saint-Hyacinthe office, for his appointment as Chairman of the Board of Directors of Saint-Hyacinthe Technopole. The purpose of this brand-new structure is to showcase the economic potential of this region of Quebec, while fostering the development in synergy of the industrial, commercial and tourism sectors. This new structure was created following the combination of three bodies with the goal of promotion and economic development in the Greater Maskoutaine region.

A man strongly committed to regional development

Mr. Forget held the position of President of one of the three combined bodies for 15 years. His appointed as Chairman of the Board of Saint-Hyacinthe Technopole is therefore in continuity with the commitment he has shown for many years in the region’s business community.

Congratulations to Bernard Forget for his appointment and his longstanding commitment to the Maskoutaine business community and its dynamic enterprises.

To learn more about Bernard Forget and his involvement in Saint-Hyacinthe Technopole, see the article published in Le Courrier de Saint-Hyacinthe this May.

19 Jun 2015  |  Written by :

Ms. Phaneuf is a partner at RCGT. She is your expert in taxation for the Sherbrooke office. Contact...

See the profile