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Mini-Case A: (7 marks) Chris and Krista have been marned for 35 years and both will be turning 65 at the end of November 2023.

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Mini-Case A: (7 marks) Chris and Krista have been marned for 35 years and both will be turning 65 at the end of November 2023. Krists is the CEO of the compary that she founded upon graduating from university. This took enormous energy and travel time to run both Montreal and Toronto offices. She delayed having children untl she was 36 years old (wins Gerry and Mary who are now 29 years old). Chris and Krista have always llved in Quebec. Chris never worked and was a stay-athorne dad, taking care of their two children growing up and now taking care of their grandchidren. Chris and Krista need your help reyarding the following quostions. the correct response: B) Wis Chris be eligible for Old Ago Socurity (OAS) at age 65? Yes or No b) Will Chris bo eligible for Quebec Pension Plan (QPP) at age 65? Yes or No c) is Chris eligible to contribute to a Tax-Free Savicys Account? Yes or No d) is Chris eligible to contribute to a Registered Resvement Savings Account (RRSP)? Yes or No e) Krista had not decided when to retire but as they just bought a yacht, she is tempted to retire now and sail throughout the Caribbean in December. Krista knows that she is eligible to recelve the maximum QPP at age 65 and wants to know what the monthly amount would be if she applied for her OPP perision benefit in 2023 ? Assume she is not part of the enthanced plan for 2024,$ f) Knowing that the OAS clawback threshold is $90,997 for 2024 , how much would Krista keop of her OAS if her retirement income, including her OAS pension for 2024 was $130,000 in total? Assume no deductions. The OAS clawback rate is 15% and the maximum monthly OAS amount at age 65 is $707.68. 9) Krista's best friend, Anna, is also aged 65 . In January 2024, if will have been 30 years since Anna moved to Canada from the Unised States, Anria knows the maximum monthly OAS amount in 2024 at ago 65 is $707.68 but does not know how much monthly OAS she would qualify for

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