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cottage ownership

Two empty Muskoka chairs on a deck, to inspire the contrast of the perks of a cottage in Canada and the financial implications.

Real Estate

Yes, a cottage is an investment property—here’s how to minimize capital gains tax

Should you “invest” in a cottage? And if you do, what happens when you sell it, give it away...

Yes, a cottage is an investment property—here’s how to minimize capital gains tax
Canadian couple in the kitchen of their cottage as they contemplate selling and if they an avoid taxes.

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Can I sell my cottage tax-free?

Is there a tax exemption for capital gains? No, but find out how to allocate your principal residence exemption...

Can I sell my cottage tax-free?
Canadian mom and child at the cottage she inherited from her father and shares with her siblings and step mom.

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Inheriting cottage and the capital gains implications

Jill's late husband left her a cottage. What happens if she transfers ownership to her stepchildren?

Inheriting cottage and the capital gains implications
Two brothers fishing at their Canadian cottage.

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Selling a cottage to a family member: What that means for capital gains

If the property was bought before 1994, there may already have a $100,000 capital gains deduction.

Selling a cottage to a family member: What that means for capital gains

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Canadian family saying goodbye to the cottage they're selling.

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Tax deductible expenses when selling a cottage in Canada

Minimize capital gains taxes on the sale of a cottage in Canada by making smart reno choices.

Tax deductible expenses when selling a cottage in Canada
A terrace with a hammock and wooden picnic table overlook a forested neighbourhood

Real Estate

Is a vacation home a good investment?

A cottage or other vacation property can provide a great way to unwind and spend time with family. But...

Is a vacation home a good investment?

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How real estate is taxed during a separation or divorce

A couple owned two properties, and each person is taking one as part of their separation. What are the...

How real estate is taxed during a separation or divorce
A woman in the background is adding a "sold" card to a "for sale" real estate sign.

Real Estate

How it works: Capital gains tax on the sale of a property

When is capital gains tax payable on the sale of property? And at what rate are capital gains taxed?...

How it works: Capital gains tax on the sale of a property

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family at the cottage, with its future generation of owners

Vacation Homes

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

Discover key strategies from estate planning lawyer Peter Lillico on preserving your family’s cherished cottage for generations to come.

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

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