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

July 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…

How to avoid or reduce probate fees in Ontario – MoneySense

December 15, 2023 · Finance

What is Estate Administration Tax in Ontario? Estate Administration Tax, commonly known as probate fees, is a mandatory tax imposed by the Ontario provincial government. It is placed…

Family legacy: How to pass along the family cottage—and 3 things to avoid – MoneySense

November 21, 2023 · Finance

There’s no one-size-fits-all solution. “Planning has a lot of moving pieces, and it’s very important to get it right, and it’s very easy to get wrong,” says Peter…