Should you keep renting a cottage or buy one? You don’t need me to explain the personal perks of having a vacation home or a cottage. But to…
Read more Yes, a cottage is an investment property—here’s how to minimize capital gains tax – MoneySenseYou 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…
Read more Adding names to a cottage deed could result in big tax billsThere 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…
Read more Tax deductible expenses when selling a cottageSometimes, emotions are the motivation for buying a vacation property. I like to evaluate a property purchase from a financial point of view as well—and here’s how. The…
Read more Is a vacation home a good investment? – MoneySenseHow an asset transfer between spouses is taxed First off, a transfer of assets between spouses is by default done on a tax-deferred basis at the original purchase…
Read more How real estate is taxed during a separation or divorce – MoneySenseThere’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…
Read more Family legacy: How to pass along the family cottage—and 3 things to avoid – MoneySense
