Cottage Fun Enemy #1 – It’s not the black flies; it’s... Estate Tax

May 13, 2019 | George Sousa


Keeping the cottage in the family from one generation to the next isn't always as easy as it might seem. There are many issues to consider, including how the taxes will be paid.

As we unfortunately approach the end of cottage season, closing the family cottage for the season will be upon cottage owner's minds. While estate tax is likely not a topic you want to think about while sitting on the dock at the cottage, planning ahead could help to keep your summer home in the family for many generations to come.

This article outlines tax friendly strategies to consider when passing the cottage along to the next generation.

Contact us for more information or to set up a meeting with George and our RBC Estate Planning Specialists.