05 Apr 2012

Webinar on the federal and Quebec budgets (2012)

On Monday, April 2, 2012, Raymond Chabot Grant Thornton broadcast its webinar on the federal and Quebec budgets called, “A Vision Beyond the Numbers.”

Panellists Jean Gauthier, Renée Gladu, Bernard Poulin, Maurice Arsenault and Michel Lefebvre exchanged with some 300 attendees on the recently announced budget measures in addition to dealing with various subjects that were important to them. Attendees asked questions directly to the panellists in studio during the broadcast.

This successful event gave Raymond Chabot Grant Thornton the opportunity to position itself in a positive light regarding issues that directly affect entrepreneurs from all regions of Quebec.


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03 Apr 2012
Maryse Janelle

Maryse Janelle

Raymond Chabot Grant Thornton demonstrated the extent of its tax expertise with regard to the Quebec Sales Tax (QST) at the Canadian Institute of Chartered Accountants’ Commodity Tax Symposium held in Calgary on March 6, 2012.

Maryse Janelle, Senior Director, Tax, at the Montréal office gave a conference entitled, “QST Harmonization: The Other Side of the Mirror” to help people in Western Canada understand and anticipate the proposed changes to the QST program that will affect their business. The audience of some one hundred people was mostly made up of company representatives from the natural resources and energy sectors.

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02 Apr 2012

Congratulations go out to Mélissa Lachance, Supervisor in the Saint-Hyacinthe office, on receiving the “Young Executive and/or Professional” award at the Gala Révélation Affaires 2012 organized for the past two years by the Chambre de commerce et de l’industrie Les Maskoutains.

The two year-old competition is open to all young entrepreneurs and/or professionals who are 35 years old or younger, regardless of their industry segment, company size or years of experience. The competition strives to encourage tomorrow’s leaders today and focuses on the creativity, leadership, and business acumen of young people in the Mascouche region.

The jury singled out Mélissa because of her passion for her profession and her dedication to humanitarian causes. In 2011, she was also awarded the Isabelle-Boisvenu prize, an award granted every two years by the Eastern Townships Chartered Accountants Group in recognition of a young CA’s exceptional professional achievement and community involvement. You may recall that Isabelle Boisvenu was an Assurance Supervisor with our Sherbrooke office from 2003 to 2005. Daughter of Senator Pierre-Hugues Boisvenu, Isabelle died in a road accident a few days before Christmas in 2005.

Featured in OCAQ Campaign

To top it off, Mélissa Lachance is also featured in the Ordre des comptables agréés du Québec’s “Everyone Wants a CA” ad campaign. Hats off to Melissa for her accomplishments and community involvement!

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30 Mar 2012

MONTRÉAL, March 29, 2012 – True to its tradition, Raymond Chabot Grant Thornton releases its post-budgetary bulletin providing an overview of the tax measures that will affect individuals and businesses in the coming years.

“We are very proud to release this document, prepared by a team of tax specialists in the lock-up, which provides a broad view of the main tax measures in the budget tabled today by Canadian Finance Minister, the Honourable James M. Flaherty,” stated Jean Gauthier, Partner and National Tax Director. The summary may be viewed at the following address: www.rcgt.com/en/2012-federal-budget.

Direct innovation support encouraged but SR&ED tax credits cut back

While Canada expects modest growth in the short term, the government has chosen to support business and entrepreneurs directly by encouraging innovation and prosperity. According to Michel Lefebvre, Tax Partner and member of the Scientific Research and Experimental Development (SR&ED) Program, “Investing in innovation is always a wise choice, however, it might have been wiser not to cut into the corporate tax credits provided under the federal government’s significant SR&ED program.”

To support research, innovation and entrepreneurship, the federal government’s 2012 economic action plan will provide $1.1 billion over five years in direct research and development support and $500 million for venture capital. “While this may be commendable, reducing the SR&ED program budget envelope by $1.33 billion over five years means the actual contribution to innovation is only $270 million over five years, which is not all that much,” added Michel Lefebvre.

Bernard Poulin, Tax Partner, echoed Michel’s comments, “We are aware that choices had to be made to support innovation, our competitive and growth linchpin. Nevertheless, it would have been better to maintain and even increase corporate SR&ED tax credits.”

Business transfer tax equity reminder

Additionally, Raymond Chabot Grant Thornton is taking this opportunity to emphasize the need to quickly resolve a tax issue that has gone on far too long: tax inequity on business transfers. On December 2, 2010, the Firm sent a copy of its report – “Business Transfers: Problems and Suggested Solutions” (www.rcgt.com/en/news/business-transfers-report) – to the Quebec and federal Finance Ministers and has since pursued this issue through its budget comments last year and by making the tax authorities aware of this unfavourable situation. “At issue is the fact that, from a tax perspective, there is a disadvantage in selling a business to a son or daughter instead of to a third party. At a time when entrepreneurship is on the decline in Canada, it’s imperative to support family business transfers,” Jean Gauthier mentioned.

For her part, Suzanne Landry, University Associate, HEC Tax Professor, and the study’s main author added: “In an intergenerational business transfer, the capital gain is considered to be a dividend, which results in the seller losing the benefit of the $750,000 capital gain deduction. The federal government should resolve this inequity quickly to support our successors, a key component to our competitiveness.”

About Raymond Chabot Grant Thornton

Founded in 1948, today Raymond Chabot Grant Thornton is a leader in the fields of assurance, taxation, consulting services, business recovery and reorganization. Its strength is based on a team of over 2,200 people including some 230 partners in more than 90 offices in Québec, eastern Ontario and New Brunswick. For more than 30 years, Raymond Chabot Grant Thornton has been a member of Grant Thornton International Ltd providing its clients with the expertise of the member and correspondent firms in more than 100 countries.

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Francis Letendre
Public Relations Consultant
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
Fax: 514-554-1685
[email protected]