succession - Cottage Life

Cottage Q&A: Right of survivorship for passing down the cottage

General

a photo of a couple looking at papers and making calculations

Cottage Q&A: Should we pass the cottage down to our kids now, or wait?

Real Estate

two hands and paperwork

Cottage Q&A: I’m gifting my cottage to my child. Do I still have to pay land transfer tax... and capital gains?

General

A senior couple doing paperwork at a table

Cottage Q&A: How the “bonus year” can reduce your capital gains tax

Real Estate

capital gains tax written on a sticky note

How the federal government’s recent capital gains announcement will impact cottagers

Real Estate

hand real estate agent holding holds a key with a tag in the form of homes, and buyers are putting up hands. Gen X

Gen X driving demand in cottage real estate market, according to Re/Max report

Real Estate

The word TAX spelled out in wooden cubes, stacked on coins

Cottage Q&A: How is the starting value of a cottage decided when determining capital gains

General

Young couple in a meeting

Is there a cottage succession silver lining to COVID?

General

A family gathered around a campfire with a cottage in the background.

How to use a combination of trusts to pass on the cottage

Real Estate

kids-jumping-off-dock-into-lake

How to hand down your cottage while keeping the peace and saving money

Real Estate

Cottage Life - Father and son fishing on a boat at sunrise/sunset at the peaceful cottage in Kawartha Lakes Ontario Canada on Balsam Lake

Is there a way to avoid capital gains tax?

Real Estate

Parent handing down a key to a child with trees in the background.

What will happen to our joint owned cottage when my husband and I are deceased?

Real Estate

Parent handing a house key to a child.

Can you avoid the taxes that come with cottage inheritance?

Real Estate

Homemade signs appear on many cottage roads directing the final leg of the journey. The sheer number of signs in this photo is exceeded only by the character displayed by each one.

Is it a tax problem to claim a cottage as a principal residence if we rent it out for one month?

Real Estate