🎓Limits on Deducting Student Loan Interest After COVID Pause

A custodial account is owned by the child but managed by the parents or a guardian, read to see if this is an option for you.

Read Student Loan Interest

👪The Power Behind a QTIP Trust for Future Security

Qualified Terminable Interest Property commonly known as QTIP is an estate planning trust provides future security for the surviving spouse and children.

Read QTIP Trust

💏The Advantages of a Spousal IRA

For a couple who file a joint tax return with one spouse not working, there is an option for the nonworking spouse to make an IRA contribution.

Read Spousal IRA

📠How the Spousal Portability Election Minimizes Taxes

Spousal portability is not automatic, it is necessary for the deceased spouse’s executor to make a portability election along with filing an estate tax return.

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🏒Attention Clients - Win Hockey Tickets

Back by popular demand, Lumsden McCormick clients can enter to win two tickets to an upcoming Sabres game. Raffles will be held monthly from November 2023 - March 2023. Go team!

Register to win!