How Much Are You Spending? A Hack to the Inevitable Question Everyone Wishes to Avoid from a CFP® Professional
![How much are you spending?](https://jacklumsden.com/wp-content/uploads/2023/09/How-much-are-you-spending-1024x384.png)
Written by Jack Lumsden, MBA, CFP®, Financial Advisor, Assante Financial Management, with additional editing by ChatGPT. This question often induces unease as it delves into a reality many prefer to overlook. Before retirement enters the picture, the majority tend to align their spending with their earnings. If the inflow of money surpasses the outflow, tranquility […]
Ontario Staycation Tax Credit
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If you are travelling in Ontario this year, be sure to keep track of your accommodation expenses as they can help you reduce your taxes. For 2022 Ontario has introduced a tax credit up to 20% of your accommodation expenses for stays in a hotel, campground, and/or cottage. WHAT CAN YOU CLAIM: You can claim up […]
Smart Tax Strategies for Retirees: Keep Track of Health & Medical Expenses
![Health and Medical expenses](https://jacklumsden.com/wp-content/uploads/2021/08/tax-strategies-for-retires-medical-expenses.jpg)
A smart tax strategy during retirement is to keep track of your medical expenses and take advantage of any credits that may be available.