Question: Mini - Case D: ( 1 . 5 marks ) Nadia is the Chief Operating Officer ( COO ) of a family business she inherited
MiniCase D: marks Nadia is the Chief Operating Officer COO of a family business she inherited from her mother, who passed away five years ago. She is married to Alex, who recently turned They have always lived in Montreal. Alex was a fulltime homemaker, raising their two children, who are now adults. Having never participated in the workforce, Alex has chosen to continue staying at home to care for their two grandchildren, aged and Nadia will join Alex in caring for their grandchildren tomorrow when she turns after handing over the reins of the family business to her younger brother and officially retiring. marks Both Nadia and Alex are looking to you for the following answers to their questions. a Neither Nadia nor Alex have ever contributed to their TaxFree Savings Account TFSA they are eligible to contribute as of today, April Highlight AND underline your response True or False marks b Neither Nadia nor Alex have ever contributed to their Registered Retirement Savings Account RRSP they are eligible to contribute as of today, April Highlight AND underline your response True or False marks c At age both Nadia and Alex are eligible for the Quebec Pension Plan QPP Highlight AND underline your response True or False marks d At age Alex is eligible for Old Age Security OAS Highlight AND underline your response True or False marks e Nadia believes that her Old Age Security OAS pension will be subject to clawback. She is trying to understand what this means. The maximum gross annual OAS pension in is $ Nadias net income for will be $which includes her OAS pension The clawback starts at the minimum threshold of $ to the maximum threshold of $ How much will Nadia keep of her OAS when the clawback rate is marks Nadias OAS calculation: marks
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