l’œil du dragon. “I agreed to be a dragon because, first and fore- most, I wanted to try to build a bridge between the French- and English-speaking communities, who live differently but share a love for Montreal and Quebec,” says Garber. He also saw it as an opportunity to promote francophone entrepreneurs and demystify the business world for young people. “In school, we are taught geography and history, but we don’t learn about busi- ness or finance. Yet we all have to negotiate an employment contract or calculate the cost of a mortgage,” he says. Garber’s career and wealth have paved the way for his phil- anthropic ventures. He sits on the board of the One Drop Foundation, a nonprofit organization founded by Laliberté. He recently established the Garber Family Post Doctorate Fellowship in Hereditary Cancer at McGill University to attract the world’s leading scientists to Montreal. He also co-chairs the Centraide (United Way) campaign of Greater Montreal. “Wealth is very unequally and sometimes unfairly distributed in our society and around the world,” he says. “I feel a great sense of solidarity. We have to help the less fortunate. When my great-grandmother leſt Russia, she chose to come to Can- ada by chance. But she could’ve chosen another country where
I wouldn’t have had the same opportunities,” says Garber, who donates between $500,000 and $1 million a year to charity. “These are our family values,” Boucher says. “Mitch and I started with nothing and we successfully built what we have together. We also want to share it with others.” Garber, who pays several million dollars a year in taxes,
insists that the wealthy have an important obligation to pay taxes. And what about the issue of tax havens and tax avoid- ance schemes used by thousands of businesses registered in the state of Delaware, including CAC? “I’m also a manager trying to find legal ways for my company to pay the least amount of tax possible. Otherwise, there wouldn’t be any work for CPAs,” Garber answers. Despite his increasing presence on the Quebec scene,
Garber is not sure he can be considered part of Quebec Inc. “I’m not a builder like the Desmarais, Coutus, Molsons, Bom- bardiers or Bronfmans,” he says. “I was just lucky to be in the right place at the right time and to have seized the oppor- tunities.”
PIERRE THÉROUX is a Montreal-based freelance writer Accounting and Auditing Standard-Setting Boards Accounting Standards Oversight Council
Peter Jewett, LLB, Torys LLP, Chair
Miville Tremblay, MA, MBA, CFA, Bank of Canada, Vice Chair
Accounting Standards Board
Linda Mezon, FCPA, FCA, CPA (MI), Chair (re-appointed)
Canada’s fi nancial reporting and assurance standards boards and oversight councils comprise the Accounting Standards Oversight Council, Accounting Standards Board, Public Sector Accounting Board, Auditing and Assurance Standards Oversight Council, and Auditing and Assurance Standards Board. The boards establish and maintain standards on accounting and auditing to serve the public interest. The oversight councils appoint board members and oversee and provide input into the boards’ activities, ensuring that the process for setting standards functions as it should.
www.frascanada.ca
32 | CPA MAGAZINE | MAY 2016 Untitled-4 1
4/8/2016 1:28:44 PM Auditing and Assurance Standards Board
Darrell Jensen, CPA, CA, Ernst & Young LLP, Chair
Fred Pries, PhD, CPA, CA, University of Guelph, Vice Chair
and Oversight Councils — New Appointments Canada’s fi nancial reporting and assurance standards boards and oversight councils are pleased to announce the following appointments, eff ective April 1, 2016.
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