Keeping the family cottage in the family with insurance

Jul 26, 2018 | Brendon Boothman


When you pass along your cottage, you are also passing along a potentially large tax bill.

Whether you call it a cottage, chalet, camp or cabin, it's your family's special place to relax and enjoy the great outdoors.  For many families, it's a place filled with happy memories that's been in the family for generations, and will be for generations to come. Keeping the cottage in the family isn't as easy as it may seem.  There are many issues to consider, including how taxes will be paid as outlined in the attached article.