Stock option plans are a popular form of compensation for employees and senior executives. They benefit the company because they preserve cash for capital investment, and they benefit shareholders because, in theory at least, they link the employee’s remuneration to the corporation’s well being. But, do they really benefit the employee?To read the full article click here.
You can save thousands of dollars by filing all your family’s income tax returns together. If you file as a family, you can transfer deductions and credits amongst family members, split income for better after-tax results and even make better investment decisions.
Preparing your income taxes when your tax records are helter-skelter is a difficult, frustrating and exasperating task. To assure yourself of better results come tax-filing time, make January the month you organize not only last year’s records, but also this year’s.
The maximum RRSP contribution limit for 2011 is $22,450 If you did not use all of your RRSP contribution limit for the years 1991-2009, you can carry forward the unused amount to 2011. Therefore, your RRSP contribution limit for 2011 may be more than $22,450. The maximum RRSP deduction limit for 2012 is $22,970.
When discussing group RRSP investments with our clients’ we stress the following three simple activities to help them reap the greatest rewards from their registered savings plans: