Cottage Properties and Taxation
Posted On:
2009-06-28
We get a lot of questions from prospective cottage buyers and existing sellers about tax planning for cottages. Being professional REALTORS, and not tax lawyers or accountants, we typically suggest folks contact people who know better than we do. While you do find sporadic (and often, outdated) information online, good resources are difficult to locate on the Internet.
There is an excellent write-up by Jamie Golombek, CIBC’s managing director of tax and estate planning that was featured in this weekend’s National Post. While the Post’s version will probably only be available for a short period of time, you can find the full version here.
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