Topics, trends and tips.

Articles that feed thought

9 of 128 results

Chances are, at least some of your passwords are already in the wrong hands.

By: David Greenham, CISSP, CISM, CISA, SCF, QSA, Sr. Manager, Richter So you receive a poorly-crafted email, full of spelling and grammatical mistakes, claiming to be from someone who has installed malicious software and taken control of your PC.  They’re demanding a ransom in Bitcoin or they will send compromising photos to all of your […]

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Survey of Bank Forecasts – November.

Loonie struggles as oil weighs on Canadian economy At the time of the publication, the CAD traded at 75.86 US¢/CAD, the lowest level since July. The Canadian economy has struggled on the heels of record low oil prices and the country is currently experiencing a current account deficit. National notes that the positive economic news, […]

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The Internet of Everything consumes both you and your real estate business.

By: Bertrand Milot, CISM, CRISC, CRMP, CRMP-F, PCSM, C|CISO, ISO 27001 LA, C|BP,  Vice President, Risk, Performance and Technology Advisory Services Fifteen years ago, the famous French entrepreneur Benjamin Sonntag surmised that ’if the service or product on the internet was free or almost free… you were the product’ being consumed. This maxim, and others like […]

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Art of the Deal: Purchaser’s considerations and planning for the acquisition of a mixed-use commercial and residential property.

By: Peng Du, CPA, CA, Vice President, Tax, Richter and Martin Gilbert, LL.B, Vice President, Tax Business Matter Contributor: Harvey Sands, CPA, CA, ICD, Consultant The benefits of navigating the tax maze Context: Many real property transactions are often much more complex than initially anticipated. While some people may only see a standard transfer of […]

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Taxation of tenant inducement payments; recent jurisprudence.

Pay attention to tenant inducement payments (TIPs) COURT OF QUEBEC RULES THAT A TIP IS NOT A CURRENT EXPENSE AND IS THEREFORE NOT DEDUCTIBLE FROM INCOME IN MOTTER V. AGENCE DU REVENU DU QUÉBEC By: Nina Vu, LL.B, Associate, Tax, Richter LLP Vincent De Angelis, CPA Auditor, CA, Partner, Richter LLP Harvey Sands, CPA, CA, […]

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Cameco vs. CRA tax court case: with CRA’s appeal, uncertainty remains for MNEs.

As anticipated, Canada Revenue Agency (“CRA”) appealed the September 26th decision by the Tax Court of Canada (“TCC”) wherein Justice John R. Owen rejected all of the Minister’s positions and ruled in favour of Cameco Corporation (“Cameco”). Notably, the Notice of Appeal limited the scope of the case to transfer pricing, and did not appeal […]

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Survey of Bank Forecasts – October.

A new NAFTA brings a sigh of relief; Loonie to appreciate The Bank of Canada’s (“BoC”) economic outlook over the past year has been weighed down by increasing uncertainty on trade policy, causing the central bank to hit the pause button on hikes to its overnight rate. On September 30, Canada, the U.S. and Mexico […]

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Culture Corner: In the business of philanthropy and values.

Each month, our HR Director, Paula Fernandes, interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. “Philanthropy” can be broadly defined as “love for humankind”. It is derived from the Greek words “philos,” which means loving and […]

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It’s inevitable, so why are you holding your children back?.

Is it ok to assume everything will be fine? Or should you take the steps to ensure it will be when you pass on? Technically you are all set: you’ve created an estate transition plan designed to control how your legacy is to be distributed over time, ensuring that when wealth makes its way to […]

Click to read more.
9 of 128 results
1 of 128 results

Chances are, at least some of your passwords are already in the wrong hands.

By: David Greenham, CISSP, CISM, CISA, SCF, QSA, Sr. Manager, Richter So you receive a poorly-crafted email, full of spelling and grammatical mistakes, claiming to be from someone who has installed malicious software and taken control of your PC.  They’re demanding a ransom in Bitcoin or they will send compromising photos to all of your […]

.Click to read more.

Survey of Bank Forecasts – November.

Loonie struggles as oil weighs on Canadian economy At the time of the publication, the CAD traded at 75.86 US¢/CAD, the lowest level since July. The Canadian economy has struggled on the heels of record low oil prices and the country is currently experiencing a current account deficit. National notes that the positive economic news, […]

.Click to read more.
Bank Forecasts |

The Internet of Everything consumes both you and your real estate business.

By: Bertrand Milot, CISM, CRISC, CRMP, CRMP-F, PCSM, C|CISO, ISO 27001 LA, C|BP,  Vice President, Risk, Performance and Technology Advisory Services Fifteen years ago, the famous French entrepreneur Benjamin Sonntag surmised that ’if the service or product on the internet was free or almost free… you were the product’ being consumed. This maxim, and others like […]

.Click to read more.

Art of the Deal: Purchaser’s considerations and planning for the acquisition of a mixed-use commercial and residential property.

By: Peng Du, CPA, CA, Vice President, Tax, Richter and Martin Gilbert, LL.B, Vice President, Tax Business Matter Contributor: Harvey Sands, CPA, CA, ICD, Consultant The benefits of navigating the tax maze Context: Many real property transactions are often much more complex than initially anticipated. While some people may only see a standard transfer of […]

.Click to read more.

Taxation of tenant inducement payments; recent jurisprudence.

Pay attention to tenant inducement payments (TIPs) COURT OF QUEBEC RULES THAT A TIP IS NOT A CURRENT EXPENSE AND IS THEREFORE NOT DEDUCTIBLE FROM INCOME IN MOTTER V. AGENCE DU REVENU DU QUÉBEC By: Nina Vu, LL.B, Associate, Tax, Richter LLP Vincent De Angelis, CPA Auditor, CA, Partner, Richter LLP Harvey Sands, CPA, CA, […]

.Click to read more.

Cameco vs. CRA tax court case: with CRA’s appeal, uncertainty remains for MNEs.

As anticipated, Canada Revenue Agency (“CRA”) appealed the September 26th decision by the Tax Court of Canada (“TCC”) wherein Justice John R. Owen rejected all of the Minister’s positions and ruled in favour of Cameco Corporation (“Cameco”). Notably, the Notice of Appeal limited the scope of the case to transfer pricing, and did not appeal […]

.Click to read more.

Survey of Bank Forecasts – October.

A new NAFTA brings a sigh of relief; Loonie to appreciate The Bank of Canada’s (“BoC”) economic outlook over the past year has been weighed down by increasing uncertainty on trade policy, causing the central bank to hit the pause button on hikes to its overnight rate. On September 30, Canada, the U.S. and Mexico […]

.Click to read more.
Bank Forecasts |

Culture Corner: In the business of philanthropy and values.

Each month, our HR Director, Paula Fernandes, interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. “Philanthropy” can be broadly defined as “love for humankind”. It is derived from the Greek words “philos,” which means loving and […]

.Click to read more.
Culture Corner

It’s inevitable, so why are you holding your children back?.

Is it ok to assume everything will be fine? Or should you take the steps to ensure it will be when you pass on? Technically you are all set: you’ve created an estate transition plan designed to control how your legacy is to be distributed over time, ensuring that when wealth makes its way to […]

.Click to read more.

An epic moment with Darren Morenstein.

We had the great honour of hosting an event for members of the Montreal Chapter of Entrepreneurs’ Organization. The guest of honor was a wildly popular Montréal entrepreneur, Darren Morenstein, Co-founder of NextTime Productions which produces the very popular YouTube channel Epic Meal Time. Darren Morenstein began his career as a substitute teacher but, along […]

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A Fireside Chat with Mr. Mohamad Fakih.

We had the honour of hosting an event for members of the Toronto Chapter of Entrepreneurs’ Organization this spring. The gathering centred on a Q&A with one of city’s most intriguing and ambitious entrepreneurs: Mohamad Fakih, Founder and President of Paramount Fine Foods. Mr. Fakih has had quite the journey, from starting his career path […]

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Mark data like bank notes to flush out cybercrime.

By Bertrand Milot Original, as it appears on Finance et Investissement – https://www.finance-investissement.com/ In films, gangsters are regularly caught because the stolen bank notes were marked. Well, you could do the same thing with your data.   In one of my columns a few months ago, I addressed the possibility of our data or our identity […]

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Cryptojacking: Making money is good, using others to make it is even better….

By Bertrand Milot Original, as it appears on Finance et Investissement – https://www.finance-investissement.com/ A few months ago, I spoke to you about cryptocurrencies and the popular mining syndrome. I told stories of these nouveaux-riches people that could smell the speculative benefits of cryptocurrencies.   In short, a whole world of complexity, which, even before it began […]

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The Internet of Things: a risk for the financial sector?.

By Bertrand Milot Original, as it appears on Finance et Investissement – https://www.finance-investissement.com/ To meet the challenge of a clearly established trend and the growing need for mobility, the number of devices connected to the Internet is increasing and they cling to us like little helpers in our daily tasks.   These devices come in a […]

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Cryptocurrencies: Everybody is talking about them and everybody wants them, but what are the risks?.

By Bertrand Milot Original, as it appears on Finance et Investissement – https://www.finance-investissement.com/ This article differs somewhat from previous articles and with good reason. We are at a pivotal point in the evolution of economic models.   This article differs somewhat from previous articles and with good reason. We are at a pivotal point in the […]

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Beware of an increasingly common scam.

By Bertrand Milot Original, as it appears on Finance et Investissement – https://www.finance-investissement.com/ The media has been warning the public about an increasingly popular and frightening scam.   Not long ago, I was called to investigate a fraud case. Highly lucrative for cybercriminals, this scam is easy for them to carry out. Here’s how it works: […]

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Internet browsing is not a technology risk!.

By Bertrand Milot Original, as it appears on Finance et Investissement – https://www.finance-investissement.com/ Without being alarmist, 2014, 2015, 2016 and the first quarter of 2017 saw record levels of cybercrime, cyber fraud and theft of personal information. Ransomware that demands payment to unblock your phone or restore your data is commonplace and can even be the […]

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Data protection: An effective security solution to excessive regulation.

By Bertrand Milot Original, as it appears on Finance et Investissement – https://www.finance-investissement.com/ A new European law, the General Data Protection Regulation (GDPR), has been in effect since May 25. Before it was even enacted, numerous complaints were filed against Facebook and Google, and many American information sites reacted by closing their website access to European net […]

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Why you shouldn’t fall for the tech 4.0 buzzword mania.

By Bertrand Milot Original, as it appears on Finance et Investissement – https://www.finance-investissement.com/ AI, blockchain, IoT, IoE, 4.0, agility, the “cloud” and Big Data. All these things are so 2017. In 2018, our new catchphrases are micro-service architecture, self-service analytics, quantum computing, server-free architecture, dark data, mobility priority… and the list goes on.   Most of […]

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FinTechs prove tempting prey for cyberattacks.

By Bertrand Milot Original, as it appears on Finance et Investissement – https://www.finance-investissement.com/ In 2017, FinTechs became a target of choice for cybercriminals. Most FinTechs are businesses in the process of development, striving to minimize their investments while maximizing their outreach. Communication implies exposure, however, and because such companies are technically advanced, conceptually speaking, they are […]

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Survey of Bank Forecasts – September.

Loonie set to gain versus Greenback amidst NAFTA negotiations As at the date of publication, the Loonie rallied reaching its highest point in more than three weeks against the Greenback, trading at 77.5 US¢/CAD. South of the border, the U.S. dollar dipped to a nine-week low against a basket of major currencies. Amongst attributing factors […]

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Bank Forecasts |

Four myths to understand when thinking of expanding outside of Canada.

Thinking of expanding outside Canada? Be sure you understand these four common tax myths Most business owners view taxes as a necessary evil, fraught with complexity. As soon as your business starts expanding outside of Canada, the complexity increases. Not only do cross-border businesses face the pressure of being profitable in another market, but also […]

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Cameco wins first decision in $2.2 billion dollar tax dispute.

By David Hogan and Andre Oliveira The Tax Court of Canada (the Court) has just released its decision on the precedent-setting Cameco Corporation v Her Majesty the Queen tax case. The ruling by the Court is seen as great news for Canadian businesses with international activities because it confirms and clarifies permissible tax transfer pricing […]

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2018 Ontario Tax Rate Card.

The 2018 Ontario Tax Rate Card is now available! Download the full copy (available in English only) :  Ontario – Tax Rate Card  

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2018 Quebec Tax Rate Card.

The 2018 Quebec Tax Rate Card is now available! Download the full copy: Quebec – Tax Rate Card

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Effective succession planning: 6 questions to ask before getting started.

You’ve worked hard to build a successful business. Throughout the years there were many sleepless nights and client meetings, and long hours spent developing new products and pouring over financial statements. Today, new opportunities might be calling or maybe you just want to rest easy and reap the rewards of years of hard work. Whatever […]

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Ten practical risk management tips for SMEs.

From our Cybersecurity experts Global economic uncertainty, new competitors invading local markets, new regulations, fluctuating raw material prices, demographic changes, major weather events and new technology are all elements of risk that are now a part of our daily reality but that are difficult to anticipate and whose impacts are difficult to predict. Many such […]

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12 tips for managing your company cash situation.

By Simon Lapointe June 7, 2016 Financial issues are of critical importance for all entrepreneurs. This is especially true for startups and growth-stage companies, which all too often lack dedicated accounting personnel and do not know where financial management efforts should be focussed. Which invoices should be paid first? What is the best way to […]

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Canadian Foundry and Casting Industry – Trade war or not, innovation is key.

Our team has worked with Canadian foundry and casting companies on various restructuring initiatives from restructuring sales agreements with major customers, revisiting cost structures and supply agreements with key suppliers and creditors, to helping restructure balance sheets with major lenders or other key stakeholders. We’ve seen ups and downs in the industry, and have helped […]

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How can organizations improve efficiency?.

June 2016 Focusing on efficiencies not only saves money, but can increase innovative thinking By Loretta Roll, PMP Ask anyone within a corporation or professional services firm if they can explain the process of their deliverables and their answer will likely be along the lines of “Yes, we have been doing it the same way […]

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Managing Commodity Taxes and Cash Flows in a Transaction.

August 2016 You have just finalized the terms and conditions for the sale or acquisition of a business. The parties have agreed that a sale and purchase of assets would be better than a sale of the shares. You now need to consider a whole range of factors, such as financing, sale price adjustments, employee […]

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4 benchmarking lessons for the retail sector.

October 2016 By Marie-Claude Frigon, CPA, CA and Phil Lichtsztral, CPA auditor, CA October, 2016 Retail is a challenging business. From adapting to new fashion trends to deploying your omni-channel retailing strategy, you must always stay ahead of the game to experience success. But how can you know for sure if you are among the […]

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Good Governance: Just a catch-phrase?.

October 2016 Originally published in Canadian Gaming Business Magazine Some people refer to it as corporate governance, others just call it governance, and some simply refer to it as a pain in the @$$!, but regardless of the name, one thing is certain: good governance is a crucial element for any business, and the gaming industry […]

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Measures to Facilitate the Transfer of a Family Business Are Poorly Adapted to the Reality of SMEs.

October 2016 Julie Hélène Tremblay, LL.B., M. Fisc., Senior Manager, Tax Michel Babeu, CPA, CA, M. Fisc., Partner, Tax Intergenerational Transfers Pose a Problem As unbelievable as this may seem, there are currently more advantages for an entrepreneur to transfer ownership of a company to external shareholders as compared to members of his or her […]

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Distress signs lenders should watch for as loan delinquencies rise.

Automotive Industry The automotive sector showed signs of difficulty in 2015 which continued into 2016. With loan delinquencies climbing, loan/portfolio performance risks are increasing for dealers, securitizers, and lenders in the industry. The risks to stakeholders offering auto financing have been mounting for years, as evidenced by Moody’s rating downgrade of Scotiabank in early 2016; […]

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Allegations of Fraud: Work Fast! The First 48 Hours Are Crucial!.

October 2016 By: Guy St-Georges, CPA, CA, CFF, CFE Sophie Caudiu, CPA auditor, CGA, Principal, Enterprise Group Did you know that when your company finds itself the victim of fraud, the measures implemented within the first 48 hours are essential in properly managing the crisis? Let’s say that you are the president of a company and […]

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Four ways to turn risks into opportunities in the agri-food industry.

November 2016 Sophie Caudiu, CPA auditor, CGA, Principal, Enterprise Group John Charalampopoulos, CPA, CA, Partner, Audit Greater consumer demand for high-quality, safe and traceable products, a constantly changing market, price volatility, fierce competition, increasingly complex regulations, higher fuel costs, and difficulties in obtaining financing are just some of the issues faced by companies in this […]

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The Internet of Things: A Revolution That Comes with Risks.

By: Laurent Carlier, ASC, CRMA, CISA, CISSP, CRP, Senior Manager, Risk, Performance and Technology Services The Internet of Things is a sector that is sure to see enviable growth in the years to come. Various studies predict that, in 2020, the world will have more than 21 billion connected devices, compared to 4 billion today, and […]

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Why data is critical in today’s retail industry.

February 2017 For Simon Tooley, CEO of Etiket, the importance of data in today’s retail industry cannot be understated: “Data is everything. We use it a lot for planning, especially during growth periods, and to understand how people are buying.” His retail company specializes in cosmetic products, skin care, niche fragrance products and aesthetic services. In […]

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What its’ worth now, and how.

Transition Series Maximizing the value of your business starts with knowing how much it is worth today. It’s crucial to assess the current performance of the business and determine if it is ready for transition. Decisions can then be made on what needs to be done to prepare the business. The value of the business […]

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Freezing value = saving long-term.

Transition Series Let’s say that you are the sole owner of the business where the common shares are worth $8,000,000 today. You want to implement a plan to save tax on the capital gains when you sell the business a number of years down the road. This can be accomplished by changing your common (growth) […]

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Beware of the Tax Man.

Transition Series Taxation of capital gains resulting from the sale of a business can impact your retirement plans. Yet with proper planning, it is possible to significantly reduce, or even eliminate this tax. For example, let’s assume that your business is sold for $3,200,000 and had a minimal cost when it was started. Prior to […]

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Should I stay or should I go?.

Transition Series Planning for the transition of your business does not necessarily mean putting yourself out of a job.  Perhaps you enjoy what you do and you can’t foresee a day when you are no longer involved to some degree in the business.  Realizing this from the outset can save you a great deal of […]

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When “What If” Becomes “What Now”.

Transition Series One of the most important – but often ignored – reasons for preparing for the future succession of a business is to minimize the fallout from the unexpected. It’s understandable that preparing for these types of situations usually falls to the end of the to-do list. Just the thought of such circumstances is enough […]

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Planning for Success[ion].

Transition Series All too often, business owners neglect to plan ahead for the succession of their business.  While lack of planning is likely to affect how an owner transitions out of her or his business, there can also be severe implications that could impact the ‘when’, ‘what’, ‘who’ and ‘why’ aspects as well. As a […]

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The key is transparency.

Transition Series Much like your car needs regular oil changes to keep it running optimally, regular audits and careful financial reporting can help ensure your business is running at its peak. It’s crucial to have the proper reporting and assurance standards in place at any point in the business cycle, but even more so when […]

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Keeping up with the paperwork.

Transition Series Before you seek out a qualified buyer, it’s important to make certain representations as to the financial status of your company in order to justify the price you hope a buyer will pay. This price must be derived from realistic information.  But how can the purchaser really be sure? What’s involved in finding […]

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There’s selling and then there’s everything else….

Transition Series There’s selling your business, and then there’s everything else It’s important to think through the instances beyond retirement that may cause a business owner to leave his or her business: Divorce; Death; or Disability. While unpleasant to consider, planning for the possibility of each instance is necessary. The last thing anyone wants to […]

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Visualize, then plan.

Transition Series Artists will tell you that the best paintings are created when the artist visualizes the painting hanging on the wall before he/she makes a single mark on the canvas.  The same is true for selling a business.  In order to maximize value, one must start with a vision of what that business is […]

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Consider all options.

Transition Series Many owners and entrepreneurs suffer from tunnel vision when it comes time to pass the business on.  However, there are a number of options for exiting a business and all of them should be investigated thoroughly and considered equally before reaching a final decision. There are three main alternatives for exiting the business: […]

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Risk Management in a New Era.

Cybersecurity and The Digital Privacy Act By: Mark Walsh There are two types of companies: “those that have been hacked and those that will be”[1]. These remarks, when considered against the backdrop of several recent high-profile breaches, represent the beginning of a new era in data protection – one which is poised to undergo a […]

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Long Live Free Entrepreneurship!.

While Charles de Gaulle’s famous speech made in Montréal in July 1967 may still be a vivid memory for some, he mainly seems to have laid the groundwork for a vibrant and dynamic relationship between France and Quebec. Where business is concerned, it could be asked whether, from Quebec’s perspective, the grass is not greener…on […]

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Entrepreneurs and Philanthropy: A Combination Worth Its Weight in Gold!.

By Sophie Caudiu, CPA, CGA, Principal, Enterprise Group French mathematician, physicist and philosopher André-Marie Ampère once said: If I had everything that anyone could ever want to be happy, I would still need to ensure other people’s happiness. Many philanthropists can identify with this philosophical approach. Although philanthropy begins with one person’s motivation, it can […]

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A foreign employer completes a contract involving services in Canada? Careful of the employer’s tax obligations!.

April 2017 By: Julie Hélène Tremblay, LL.B., M. Fisc., Senior Manager, Tax Michel Babeu, CPA, CA, M. Fisc., Partner, Tax A foreign company is actively seeking to expand into Canada. After numerous business development efforts and long negotiation sessions, the finish line is near: the first contract has been concluded. The company hurries to sign […]

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The Evolving Family Office Landscape.

April 2017 By: Greg Moore, CFA As originally appearing at Introduction Capital’s 7th Canadian Alternative Investment forum, dated April, 2017. The term “Family Office” has become almost ubiquitous in the Canadian financial services industry over the last few years – this within a country that is still relatively young in the context of multi-generational wealth […]

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The Hot Market, a Cooling Off Tax, and Your Assets.

Tax Matters for Canadian Businesses Your Business, Your Money: tax advice to help you keep more of what you earn With Canadian top tax rate over 50%, a dollar of tax saved is now more than two dollars earned. Each month we translate the complexities of tax news into actions for Canadian businesses. This month we […]

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Five takeaways from the Montréal Real Estate Forum.

May 2017 Richter professionals were at the Montréal Real Estate Forum, where the main trends and major projects in the market were discussed. Here are five key takeaways, as revealed by Richter’s Real Estate group. 1 – Montréal’s real estate market is on a roll It’s an exciting time for the Montréal real estate market! […]

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Detect; Respond; Recover.

From our Cybersecurity experts Cybersecurity is not a game. As originally appearing in Canadian Gaming Business magazine. It’s 2017. Everyone should be aware by now that no industry, government body or institution is immune to cyber-attacks. Malware, ransomware, data dumps, hacks, phishing – these attacks and others like them contribute to the threat landscape for […]

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What can we learn from today’s leading entrepreneurs?.

Four key takeaways from The Globe & Mail’s Small Business Summit Every year, hundreds of business owners gather for The Globe & Mail’s Small Business Summit. The one-day, jam-packed agenda features panel discussions and key notes from leading entrepreneurs and top business experts. Richter was proud to lend its support to the 2nd annual, and very successful edition […]

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Leading the charge.

Cyber Security Month, October 2017 We live in a digital world. Even if it is not operating in the tech space, your business is still at risk. From data breaches to holding information hostage with ransomware, there are a myriad of ways criminals can impact your business. So how can you protect your business? Read […]

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The GDPR: Changing how we think about data protection.

Cyber Security Month, October 2017 We live in a digital world, with access to information becoming a ubiquitous part of our daily lives. However, because of this unprecedented access, we are increasingly less likely to know where our data is, who is accessing it, what they are using it for, and, most critically in light […]

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Cybersecurity: How to save, how to plan, and how to stay safe.

From our Cybersecurity experts Misconceptions and organizational deficiencies amplify the risk posed by cybersecurity threats. But make no mistake: threats are real, and if you haven’t been paying attention to the news lately, these threats are costing companies and countries worldwide tens of millions, if not billions, of dollars. In fact, it’s estimated that cybercrime […]

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Think your Wi-Fi network is secure? Think again..

From our Cybersecurity experts A major vulnerability in the protocol that secures the vast majority of the world’s Wi-Fi networks has just been reported. What was discovered? Mathy Vanhoef, a security researcher with KU Leuven in Belgium, discovered a vulnerability in Wi-Fi Protected Access 2 (WPA2) that can be exploited using a Key Reinstallation Attack […]

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“Gamification”, a simple HR principle for cybersecurity.

By Bertrand Milot Original, as it appears on FacteurH – http://facteurh.com Applying policies, rules of conduct and written principles in an organization is complicated. Why? Because we no longer read. We do not want to “lose” our precious time trying to understand what seems trivial and “just good sense”. As a result, the documents, which were […]

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What “back-checks” and social media won’t tell you.

By Bertrand Milot Original, as it appears on FacteurH – http://facteurh.com Since the “Internet-of-Everything”, cybercrime has literally sprung up and exploded with identity theft. Even if you and your company have not been the direct victims of a cyberattack, the websites and connected applications that you browse and on which you have created accounts may already have […]

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Don’t become a victim of ransomware attacks!.

By: Bertrand Milot Original, as it appears on FacteurH – http://facteurh.com As one of my colleagues often says, “You’re a target, don’t be a victim!” I like this statement a lot because it implies and conveys the notion that it’s not a matter of “if I will get hacked” but “when”. In risk management, they say, “We have […]

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Victim of a computer breach? Bad examples to be avoided.

By Bertrand Milot Original, as it appears on FacteurH – http://facteurh.com This massive, new data breach affected 143 million consumers, including Americans, Canadians, and Britons. This incident caused the company to nosedive on the NYSE (NYSE:EFX); with the US credit rating agency’s shares dropping more 13% on after-market exchanges. The stolen information included social insurance numbers, […]

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Impact of cyber fraud and cyberattacks on organizations.

By Bertrand Milot Original, as it appears on Finance et Investissement – https://www.finance-investissement.com/ A few months ago, I talked to you about a case involving the evolution of bank technician cyber fraud that I investigated; there have been cases of more complex and hybrid fraud since that article. Without necessarily going into the details of this […]

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“I am connected, therefore I am protected!”.

By Bertrand Milot Original, as it appears on Finance et Investissement – https://www.finance-investissement.com/ In 1997, the democratization of the Internet was all the rage, and the sound of 56K modems resonated throughout our cottages. A computer, with its heavy cathode-ray screen, bought for the price of gold had the proud place of honour on the desk […]

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Financial data represent an Eldorado that’s much too accessible to hackers.

By Bertrand Milot Original, as it appears on Finance et Investissement – https://www.finance-investissement.com/ “We’re not a bank!” This is the one statement that I have been hearing the most lately. Ultimately, it is a statement that seems to suggest that the banks supposedly need a much higher level of security than do other businesses in the financial […]

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Cyber Security | Artificial Intelligence, the good, the bad and are we ready?.

By Raymond Vankrimpen Is Artificial Intelligence (AI) the next step in our evolution? Still in its infancy, AI is already transforming the way things get done. From IT, marketing, and HR to sales, manufacturing and yes, even finance, AI has the potential to profoundly impact all aspects of a business. But not just businesses: many believe AI […]

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Taking the Smart Path to GDPR Compliance – Part 2.

By: Will Xiang, CAMS, CITP, CPA, CA  The GDPR compliance deadline is May 25th. To no surprise, a look at Google Trends tells us that the interest for GDPR has peaked globally. Based on a survey published by Paul Hastings LLP, U.S. companies are likely to spend $501,000 to $1 million on staffing needs ahead of GDPR […]

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Highlighting Innovation: Richter launches the very first Richter AInnovation Contest!.

The contest was designed to: Contribute to the profession by becoming part of a mass movement encouraging and supporting innovation in internal auditing Put the spotlight on internal audit teams in a creative and innovative context Encourage auditors to become personally involved in the evolution of their profession The Richter AInnovation Contest was launched as […]

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Culture Corner: Mentorship – the why and the how.

Each month, our HR Director, Paula Fernandes, interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. While finding a mentor is one of the most valuable things one can do when taking the first steps on a […]

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Culture Corner

Survey of Bank Forecasts – August.

by David Hogan CAD proves resilient amongst trade uncertainty Despite trade and geopolitical tensions, the GDP in both Canada and the U.S. experienced strong growth. RBC noted that U.S. Q2 GDP growth increased to 4%, the highest quarterly rate since 2014, whilst Canada’s economy in Q2 appears to have doubled its Q1 pace. It is […]

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Bank Forecasts |

Culture Corner: New minds, new perspectives (Tristen Tamblyn).

Each month, our HR Director Paula Fernandes usually interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. However! For the summer, we’re switching it up a bit. For the next few weeks, Paula will be chatting with […]

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Culture Corner |

Doing business in the U.S.: Which visa should you choose?.

Is your business ready to expand into the U.S., or perhaps you have already made that move? While the market is lucrative and may seem similar to Canada, there are many complexities of doing business in the U.S. that must be considered. In Richter’s original four-part series, Overcoming the Border Barrier, our professionals, along with […]

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Caution: Tax risks ahead!.

Many businesses have risk management processes and procedures in place to cover the risks related to their activities. However, very few of them have implemented protocols for managing tax risks and opportunities. This comes as a surprise, as tax risks are very real and could seriously hurt any organization if not properly mitigated. In recent years, the […]

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10 ways to maximize the value of your business.

Some things bear repeating. For instance, the sale of a business requires that its owner or owners do some serious planning and implement measures that will not only speed up the sale process and make it more effective, but also maximize the value of the business. An overview of the 10 items that we believe […]

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Transition planning – an ounce of prevention.

Many business owners are unaware of the different options available when it comes to selling or transferring their business. It’s clear that owners put an enormous amount of time and effort into growing their companies, but few, however, put as much time and effort into their exit strategy. For many entrepreneurs, retiring comfortably after a […]

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SR&ED tax credits: How your daily business activities could yield major tax returns.

Many companies from various industries are often unaware that through their daily activities, they perform scientific research and experimental development (SR&ED). Are you in a start-up or growth phase? Have you developed some form of customized equipment or machinery? Have you created or modified a process or product? Are you planning to change an existing […]

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Overcoming the Border Barrier: A roundtable series.

Is your business ready to expand into the U.S., or perhaps you have already made that move? While the market is lucrative and may seem similar to Canada, there are many complexities of doing business in the U.S. that must be considered. In Richter’s original four-part series, Overcoming the Border Barrier, our professionals, along with […]

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How long-term debt can spell short-term problems for your business.

Most companies have debts. After all, contracting a loan is a normal and healthy way to obtain the necessary resources to grow your business. Since the debt is long-term and the reimbursement plan aligned with your financial capabilities, everything is under control, right? Wrong. Classification of long-term debt as current liability is becoming more and […]

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Sale of a business: How to prevent small details from turning into big obstacles.

A competitor or a private equity firm is knocking on your door, offering millions of dollars for your business. What do you do? Naturally, if this ties into your business strategy, you jump at the opportunity and immediately ask the potential buyer to sign a letter of intent to ensure that the principal parameters of […]

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Let’s talk numbers.

From our Cybersecurity experts You believe that your company is doing well. You are not losing any sleep over it. But are you forgetting something? Could you be setting your sights higher? Here are some of the best practices to take your company to the next level. 1. Make the status quo a thing of […]

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Implementation Committees: Fairness for Aboriginal groups in corporate development projects.

Disputes often arise during contract negotiations. Yet when commercial disputes mix with matters of sensitivity, like one’s culture or an impending financial windfall, negotiations might not only break down if parties can’t agree, the whole project may unravel and a substantial amount of potential revenues, profit participation and employment contracting opportunities (usually involving a very […]

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A strategic exit plan starts now.

The most significant change in the life cycle of a business is also an inevitable one: the transfer of ownership. This can involve an inter-generational transfer of a family business, the sale of a business to its management or employees, or a sale to an outside third party. Oftentimes, this transfer is intentional, but sometimes […]

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Quebec’s approach to the challenges of the sharing economy and companies like Airbnb.

By Stéphane Marcassa, LL.B., DESS Fisc., Richter LLP Originally published in Espace Montréal, Volume 27, #2, 2018. Many executives, real estate investors and their family members have become involved in investments in newly constructed or renovated condominium and residential properties for the purposes of earning revenue from short-term rentals – often centered on tourism and […]

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CEO Scam: You’re a target. Don’t become a victim..

By Laurent Carlier You are a controller in an SME or the subsidiary of a large company. It’s 4 p.m. on Friday and you receive an email from the company’s CEO. He explains that you were chosen to carry out a confidential and important task which involves completing a transaction by sending an urgent bank […]

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Digital innovation is at the heart of a business strategy.

Innovation gurus have said, time and time again, that the failure to innovate can lead to stagnation, or even failure. Far be it from me to hammer the message home even more (well, maybe just a little bit), but recent history has shown that resisting—or even holding back—innovation leads to lost competitiveness. Kodak is the […]

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Mandatory Data Breach Notification is coming November 1st… Are You Ready?.

By David Greenham On June 18, 2015, the Digital Privacy Act (also known as Bill S-4) received Royal Assent in Parliament.  This Act provides amendments to the Personal Information Protection and Electronic Documents Act (PIPEDA).  Under the Digital Privacy Act, organizations that experience a data breach — referred to in the Act as a “breach […]

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Rethinking retail: A new customer focus that delivers results.

In today’s highly competitive retail environment, using customer-centric metrics is the best way to adapt marketing strategies so as to maximize sales. This is the idea presented by Simon Tooley, the owner of Etiket, Fabiana Pereira, the founder and CMO of FameDrop, and Rami Karam, the co-founder of Thirdshelf. These business experts explain how merchants must review […]

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Tax credits for innovation and digital media in Ontario.

Tax credits: are you getting enough? Just like a boost of Vitamin C is good for the immune system, so too can tax credits benefit your company’s financials. While searching for such credits and compiling necessary information for the tax return process can be arduous and time consuming, the results can be well worth the effort. So when […]

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Keys to success: Merchandise Planning and the open-to-buy formula.

In the retail business there really is one goal at the end of the day: sell merchandise at a profit. Regardless of the price point, uniqueness of the product or target market, it’s in your company’s best interest to get those items into the hands of consumers – with the objective of maximizing profitability. In […]

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Culture Corner: New minds, new perspectives (Philippe Gingues).

Each month, our HR Manager Paula Fernandes usually interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. However! For the summer, we’re switching it up a bit. For the next few weeks, Paula will be chatting with our […]

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Culture Corner |

What’s it worth to you?.

As a company-owner and entrepreneur there is a certain amount of pride you should place in having built a thriving business. However, can that pride translate into a specific dollar amount? Not necessarily. How, then, do you objectively place a value on your construction business and price it right when it comes time to sell? […]

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Groupe Germain Hospitalité.

Article with Christiane Germain and Marie Pier Germain Entrepreneurship from Mother to Daughter: Groupe Germain Hospitalité A Women in Leadership Event Richter’s Women in Leadership program was created to promote the advancement of women to positions of senior leadership within the firm. This original initiative includes a series of events featuring prominent businesswomen, leaders whose experiences can […]

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Culture Corner: Learning Always | Is it possible to keep learning after 15 years at the same firm?.

Each month, our HR Director, Paula Fernandes, interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. Being in a company for so many years can be seen as a challenge for learning addicts. With a constant desire […]

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Culture Corner: Communicating with finesse – when it’s not all good news.

Each month, our HR Director, Paula Fernandes, interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. Even the best entrepreneurs can hit a bad patch that may threaten the survival of their businesses. Recognizing the warning signs […]

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Ransomware: 4 steps for protection.

From our Cybersecurity experts Recent ransomware attacks, WannaCry and Petya, have hit hundreds of thousands of computers in over 100 countries. Ransomware is a malware tool used by hackers to infiltrate networks, encrypt files, and lock users out of their own systems; the hackers then hold this information for ransom, which is typically demanded in […]

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Choice, not chance.

How to select the right Internal Audit model for your organization Internal Audit (IA) should be a central component to an organization’s overall business model. Internal audit not only provides assurance to senior leadership that their organization’s governance, internal control processes and risk management practices are operating effectively, but can also be leveraged to seek […]

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The Triple P’s for resting easy.

Cyber Security Month, October 2017 We live in a digital world. Even if it is not operating in the tech space, your business is still at risk. From data breaches to holding information hostage with ransomware, there are a myriad of ways criminals can impact your business. So how can you protect your business? Read […]

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Manager Due Diligence.

As family advisors, we spend much of our time assessing our clients’ specific goals to ensure that their investment framework provides them with the greatest odds of long term success. At a high level, our approach focuses on addressing multiple risks and objectives to ensure that regardless of market conditions, our families can minimize the […]

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Survey of Bank Forecasts – July.

by David Hogan BoC raises overnight rate despite well-documented trade policy uncertainty Despite the ongoing trade tensions, the Bank of Canada (“BoC”) raised its benchmark interest rate by 25 basis points on July 11 to 1.5%. BoC Governor, Stephen Poloz, highlighted in the press conference that “inflation is on target and the economy is operating […]

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Bank Forecasts |

IRS Highlights Non-Compliance of Midmarket Firms.

Hekmat Kaadan Originally published in Canadian Tax Focus, Volume 7, Number 3, August 2017. In March 2017, the IRS’s Large Business and International Division rolled out 13 campaigns that Canadian midmarket business owners should be made aware of. Specifically, the IRS will target the midmarket segment on the basis of its perceived substantial compliance risk. Three of the 13 campaigns […]

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First line of defense.

From our Cybersecurity experts We live in a digital world. Even if it is not operating in the tech space, your business is still at risk. From data breaches to holding information hostage with ransomware, there are a myriad of ways criminals can impact your business. So how can you protect your business? Read on. […]

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Know the right people before a crisis.

From our Cybersecurity experts We live in a digital world. Even if it is not operating in the tech space, your business is still at risk. From data breaches to holding information hostage with ransomware, there are a myriad of ways criminals can impact your business. So how can you protect your business? Read on. […]

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Managing a Cyber Crisis: A How-to in preparing for disaster.

From our Cybersecurity experts A cyber crisis is a disaster like no other. Resolving such incidents demands thoughtful procedures and mitigation processes; otherwise, consequences can be dire. Whether through social engineering (phishing or malware emails, phone calls or physically entering the premises) or infrastructure weaknesses (hijacking, SQL injection, or vulnerability exploitation), hackers often repeatedly try […]

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On the flip side: do you know where your information lives?.

From our Cybersecurity experts We live in a digital world. Even if it is not operating in the tech space, your business is still at risk. From data breaches to holding information hostage with ransomware, there are a myriad of ways criminals can impact your business. So how can you protect your business? Read on. […]

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Do you know your data?.

From our Cybersecurity experts We live in a digital world. Even if it is not operating in the tech space, your business is still at risk. From data breaches to holding information hostage with ransomware, there are a myriad of ways criminals can impact your business. So how can you protect your business? Read on. […]

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Alfred Dallaire MEMORIA: A family business—past and future.

After being in operation for over 80 years, Alfred Dallaire MEMORIA is firmly woven into the economic fabric of Quebec. Founded in 1933 by Alfred Dallaire and his wife Aline, the enterprise is still owned by the Dallaire family, and will remain so. Meet Jocelyne Dallaire-Légaré and her daughter, Julia Duchastel-Légaré, two inspiring women who are busy cultivating a […]

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Cryptocurrencies: where should it all go?.

Let’s face it, the enticing world of cryptocurrency may be too tempting to avoid for some investors. For those looking to get into the game, you need to understand the ins and outs of this new frontier. At Richter, we’re here to help. In a relatively new and unregulated industry, there are numerous types of […]

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Want to LOSE your cryptocurrencies?.

By Scott Binns, Giovanni Molinaro and Hekmat Kaadan Let’s face it, the enticing world of cryptocurrency may be too tempting to avoid for some investors, but for those looking to get into the game, you need to know the in’s and out’s of this new frontier. At Richter, we’re here to help. So you’ve purchased some […]

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Career women in the 21st century.

Elizabeth Plank, Senior Editor at Mic.com, who was named one of Forbes’ 30 Under 30, was in Montréal on January 12th to give a conference at CREW M, an association that promotes the advancement of women in commercial real estate. She sat down with Maude Lavoie, a Senior Manager in Assurance with Richter, and Stéphanie Lincourt, also […]

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Culture Corner: Tax season is for the brave.

Richter’s HR Manager, Paula Fernandes, is a skilled professional that has helped many of her colleagues through the challenges that accompany the busy season known simply as “tax time.” Here, she gives further insight into just how management and individuals can get through the season, without getting too stressed out. Speak to anyone in public accounting […]

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Culture corner: The importance of corporate giving.

Each month, our HR Manager Paula Fernandes interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. This month, it’s all about community. Community giving is a central value at Richter; it’s something we focus on through the Richter Charitable […]

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Culture corner: Resume writing do’s and don’ts.

Each month, our HR Manager Paula Fernandes interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. This month, the do’s and don’ts of resume writing! It’s that time of year again, as recent graduates are wrapping up […]

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Culture corner: Interview Impressions.

Each month, our HR Manager Paula Fernandes interviews a Richter partner to gain insight into how ourleadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. This month, it’s all about interview impressions. Job interviews are the great equalizer – nerves can get the best of us in […]

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Culture Corner: Networking 101.

Each month, our HR Manager Paula Fernandes interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. This month, networking 101. To some, networking comes naturally, to others it’s a job in and of itself; but regardless of how […]

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Culture Corner: Finding balance.

Finding balance Each month, our HR Manager Paula Fernandes interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. This month brings with it a new year – does this also mean a “new you”? It’s typical to […]

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Culture Corner: Teambuilding.

Each month, our HR Manager Paula Fernandes interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. This month, we’re showing some love to our colleagues and talking about teambuilding. Why is the team aspect so important to […]

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Culture Corner: Motivation.

Each month, our HR Manager Paula Fernandes interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. We are still in a mid-winter slump. The snowbanks are high, the wind is strong and getting to work some days […]

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Culture Corner: New minds, new perspectives (Andrew Greco).

Each month, our HR Manager Paula Fernandes usually interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. However! For the summer, we’re switching it up a bit. For the next few months, Paula will be chatting with […]

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Culture Corner: New minds, new perspectives (Joyce Lu).

Each month, our HR Manager Paula Fernandes usually interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. However! For the summer, we’re switching it up a bit. For the next few months, Paula will be chatting with […]

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Culture Corner: New minds, new perspectives (Jack Bradshaw).

Each month, our HR Manager Paula Fernandes usually interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. However! For the summer, we’re switching it up a bit. For the next few months, Paula will be chatting with […]

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Culture Corner: New minds, new perspectives (Sam Factor).

Each month, our HR Manager Paula Fernandes usually interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. However! For the summer, we’re switching it up a bit. For the next few months, Paula will be chatting with […]

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Culture Corner: Being Visionary | Making it happen in 2018.

Each month, our HR Sr. Manager, Paula Fernandes, interviews a Richter partner to gain insight into how our leadership finds balance and focus in a demanding job, and what non-technical skills contribute to career success. With the holidays now behind us we’ve written down our resolutions and we’re ready to tackle a new year with […]

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USB Scam: Don’t fall victim.

Why the human factor is the biggest threat to cybersecurity By: David Greenham, CISSP, CISM, CISA, SCF, QSA, Sr. Manager, Richter Hackers and attackers are constantly trying to infiltrate the safety of corporate firewalls. These individuals are becoming increasingly clever and creative in finding new ways to infiltrate a company’s network. No longer are they […]

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A holistic approach

focused on you

Whether for business or personal; with one challenge or our full suite of services, Richter’s approach is always strategic, insightful and all-encompassing. Guided by our values and rooted in trust, we’ve helped clients thrive for over 90 years.

Life

at Richter

The first word that comes to mind when working at Richter is ”family”. It is a unique place that has brought together talented and dedicated people for over 90 years. Discover the values that guide our day-to-day activities.