In his Les Affaires blog, Daniel Germain addresses the thorny issue of inheriting a stock portfolio.
From a tax perspective, the issue is complicated, however, there are options available to the estate. Before making any decisions regarding the shares, the executor should prepare an overview of the situation with the assistance of an accountant experienced in preparing estate tax returns. The capital gains on the stock portfolio could trigger significant taxes payable.
Luc Lacombe, Tax Expert for our firm says, “The tax authorities consider that there is a deemed disposition of all of the person’s property at the time of death, including the stock portfolio.”
Each estate is different. Daniel Germain invites heirs to call on tax advisors who specialize in this area to determine the best solution for their particular situation.
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Grant Thornton Releases its Global Results and Announces Record-breaking Revenue Growth of 9.4% in 2018.
Grant Thornton, the global organization, whose member firms include Raymond Chabot Grant Thornton, published its global results on January 9, 2019 and announced record-breaking revenues of US$5.45B for the fiscal year ended September 30, 2018.
Highlights of the results of the global organization’s member firms are presented below:
- The global organization recorded growth of 9.4%, the highest in six years.
- The number of people grew by 6.3% to 52,686 professionals in over 130 countries.
- The Americas are the largest market with revenues of US$2.5B, followed by Europe with US$1.75B.
Peter Bodin, President and CEO of Grant Thornton International Limited stated: “Despite growing uncertainty in many markets this year from political upheaval and rising trade tensions, Grant Thornton’s robust growth is a solid basis for the next-generation professional services organization.”
Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton, congratulated the global organization’s member firms for their leadership and mentioned his pride in the 2,500 professionals of Raymond Chabot Grant Thornton whose efforts contribute to these positive results.
He stated: “Our firm is the fourth largest accounting firm in the global organization and is very pleased to contribute to this international success. Our firm’s integrated service offering as well as Grant Thornton’s worldwide network allow us to support local businesses in their growth, on national or international stage. We will maintain our leadership role in this successful global organization dedicated to supporting the growth of businesses around the world while continuing to offer high quality services to our valued clients who have placed their trust in us for 70 years.”
Read the press release announcing the 2018 results of the Grant Thornton global organization.
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SMEs are dealing with a shortage of qualified labour and, in such a context, should involve employees in the decision-making process to a greater extent.
Éric Dufour, Regional Vice-President and Entrepreneurial Succession Leader for the Saguenay–Lac-Saint-Jean–Chibougamau–Côte-Nord regions, encourages the business community to take a page from our firm’s book. He wants to show SMEs in the region that they can offer a work environment tailored to today’s situation that is marked by the arrival of millennials on the labour market.
As he explains, Raymond Chabot Grant Thornton offers flexible hours to make it easier to achieve a work-personal life balance and wants to support SMEs in their transition to a new governance.
Our firm is attentive to its employees: for example, it will be offering the 130 staff in the region a trip to New York at the end of January.
“This engagement activity has been organized to strengthen relationships and reward everyone for their work,” Dufour concludes.
To find out more, read the article on Informeaffaires.com (in French).
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The results for the 2018 CFE for chartered professional accountants were released on Friday, November 30, 2018.
Congratulations to our 100 future CPAs on having passed this rigorous professional evaluation:
Anabelle Vallière-Cloutier
Mathieu Boily-Tremblay
Éléna Plante
Shandy Caron
Maxime Laliberté
Pascale Tamse-Mastromattéo
Jean-François Quesnel
Francis Bolduc
Véronique Bernier
Emilie Canuel
Maude Dostie
Marie-Philip Côté
Roxane Bujold
Jean-Félix Gagnon
Alexandrine Roy
Annabelle Pineault
Anthony Pelchat
Julia Rioux
Alexandre Bergeron
Jonathan D’Amours
Olivier Bourdeau
Antoine Dessureault
Alixandra Dinelle-Leduc
Jérémie Fontaine
Guillaume Labbé
Samuel Lamontagne
Sandrine Roberge
Jessica Shank
Jessica Ospina
Catherine Vachon
Alexandra Douville
Andrée-Ann Ouellette
Cédric Gagnon
Karina Allard
Christian Ayoub
Catherine Bédard
Mégane Bégin-Rowluck
Chloé Bissonnette
Laurence Blondin
David Bonin
Sarah Breton
Jean-Olivier Chénier
Julie Cliche-Dancosse
Kira Cormier
Jézabel David-Poulin
Caroline Deguire
Sophie Deschênes-Poulin
Josiane Dionne
Justine Dion-Raymond
Roxanne Fournier
Valérie Fournier
Julie Frénette
Michèle Grenier
Mélyssa Hervé-Bayard
Philippe Joanis
Thomas Joyal
Jérémy Lacasse
Jasmine Laliberté
Alexa Leiss
Nicolas Lemay
Simon Lessard
Nicolas Limoges
Kristina Malcheva
Maude Marceau
Gabriel Milot
Catherine Mondor
Maryline Mosconi
Marina Naoum
Bianca Emma Pinchiaroli
Jean-François Prémont-Corbeil
Olivier Provost-Barsalou
Nathan Rivest Canal
François Rodriguez
Emmanuelle Rossignol
Gabrielle Rouleau
Dany Roy
Maude Roy
Nicholas Scott
Alexandre Séguin
Olivier Séguin-Chayer
Bryan Severino-Estruch
Emily Stundon
Charlie Teasdale
Michaël Trottier
Steve Vachon-Borduas
Marie-Michèle Veilleux
Marie-Andrée Chiasson
Maude Hébert
Denisa Halkic
Étienne Cloutier
Vincent Fortin
Alex Villeneuve
Audrey Larivière
Anne-Sophie Bélanger
Ann-Sophie Rocheleau
Alexandra Belley
Jérémie Quessy-Beaudoin
Marc-Olivier Lapointe
Alex Pilote
Alexandre Simard-Tremblay
Congratulations to all and enjoy a prosperous career at Raymond Chabot Grant Thornton! We are very proud of having you on board with us.