11 Jan 2018
Pier-Paul Belzil-Lacasse
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

According to Pier-Paul Belzil-Lacasse, Lead Senior Manager and Licensed Insolvency Trustee, “Under the Bankruptcy and Insolvency Act, bankruptcy doesn’t release you from the obligation to pay alimony. The same holds true for debts resulting from fraud, embezzlement or misrepresentation as well as court-ordered fines or penalties and student loans if the student has been out of school for less than seven years.”

For more information, read the article (in French) published in the Journal de Montréal which uses a concrete situation and provides various solution alternatives.

11 Jan 2018  |  Written by :

Pier-Paul Belzil-Lacasse is an expert in Recovery and Reorganization at Raymond Chabot Grant...

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09 Jan 2018

Can you pay your suppliers using cryptocurrency? A young entrepreneur from Trois-Rivières thinks you can and plans to give it a try!

Virtual currency and mandatory reporting

Louis Roy, Raymond Chabot Grant Thornton Partner and Leader of the Catallaxy subsidiary stated, “Bitcoins are increasingly popular, because their value is constantly fluctuating. However, taxes are payable on every transaction. As a result, if a supplier agrees to be paid in bitcoins, he or she will have to report the gain or income and this is something very few people are aware of.”

For more information on bitcoins and cryptocurrencies, read the article published (in French) in the Nouvelliste.

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09 Jan 2018

Éric Dufour, Regional Vice-President of the Saguenay-Lac-St-Jean Region and Business Transfer Leader, believes that it takes five to eight years to undertake a successful business transfer.

Our expert explains, “It’s important to take the time to reflect and implement a transfer plan that includes among others, a business staging component—that is, an improvement plan to prepare a portrait of the business, analyze what’s happening, review threats and opportunities. Human resources, finances, clients should all come under review and key individuals should be identified.”

The human and psychological aspects are key areas that can impact the value of a business, in addition to the numbers.

To learn more about business transfer good practices, read the article (in French) in La Presse.

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03 Jan 2018

Québec is becoming a location of choice for major global bitcoin stakeholders because of its low-cost electricity and cold climate, a major advantage in controlling server temperatures.

“Representatives are sent here, to Québec, to find specific locations,” explains Louis Roy, Raymond Chabot Grant Thornton Partner and leader of the Catallaxy blockchain subsidiary that provides blockchain technology support services and assistance to cryptocurrency businesses wishing to set up in Québec.

For more information, listen to Bahador Zabihiyan’s report on Radio-Canada or read the report on the Radio-Canada site (in French).