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Tag: Ask a Real Estate Expert

Adding names to a cottage deed could result in big tax bills

Adding names to a cottage deed could result in big tax bills

July 31, 2024July 31, 2024 · Finance

You mention that the cottage deed is in your name only right now. That suggests that it was either in your name all along or that the cottage…

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Tax deductible expenses when selling a cottage

Tax deductible expenses when selling a cottage

July 16, 2024July 16, 2024 · Finance

There are a number of expenses that can be claimed to reduce the capital gain on your cottage, Louise. Capital expenses are an example. The Canada Revenue Agency…

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