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On February 15, 2021, Raymond Chabot Grant Thornton released its pre-budget proposals to the federal and Quebec governments.
Some of these proposals have sparked considerable media interest. Consult our press release on the pre-budget documents.
Exceptional measures in an extraordinary context
The firm has been bold. We have proposed measures, some of them temporary, to generate more government revenues to avoid a possible public finance crisis without raising taxes and without being detrimental to future generations.
These bold measures would allow governments to reap short-term revenues and savings to address the sizeable debts and deficits generated by the pandemic. These ambitious measures include the rapid collection of unrealized taxes on Registered Retirement Savings Plans (RRSPs) and amounts held in holding companies, as well as restarting the federal immigrant investor program and accelerating reopening of this same type of program in Quebec.
The firm has also proposed significant measures to facilitate the recovery, such as a federal innovation tax credit and the introduction of a comprehensive entrepreneurial health financial assistance program in Quebec to allow SME leaders to be supported by a team of external professionals on two fronts: personal (psychological support) and organizational (business support).
Let’s be bold together to protect our future generations and boost our economy.
Media impact
Read the La Presse article quoting International Tax Partner, Jean-François Poulin. View President and CEO, Emilio B. Imbriglio’s interview on LCN’s À vos affaires (go to 7 min 35 s). Listen to Pierre-Yves McSween on FM 98.5. RDI’s Zone Économie reported on the topic in its February 15 broadcast. Our firm was also mentioned in InfoBref and on the Insurance Portal.