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The benefits of filing tax returns for minors

The arrival of T4 and T5 slips — by the end of February — signals the official start of the annual tax-preparation rush. One important rule you and your tax preparer will want to follow is completing all family tax returns together, starting with the lowest-earning family member and progressing to the highest. This will allow you to take advantage of provisions for transferring income to children and provide savings opportunities for the young.

Why are the Feds Looking to Change OAS Benefits?

The federal government earned the wrath of soon-to-be seniors recently when it suggested it might extend the age at which Old Age Security (OAS) benefits begin to age 67 from age 65. At this point, the proposal — and it is only a proposal — would not change OAS benefit amounts or indexing. This begs two important questions. Why is this being proposed? And, how will this change affect your retirement plan?

Stock Options

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?

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