Canadian Vacation Property Sucession Planning

Oct 29, 2018 | William Vastis


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Vacation properties go by many names: cottage, chalet, camp, cabin or secondary home. Regardless of what they call it, many Canadians receive great personal enjoyment from their vacation property. Some owners feel it is important to keep the vacation property within the family and need help planning how to transfer ownership to younger family members. This article reviews various tax implications and strategies that can be used in passing ownership of the family vacation property to the next generation.

 

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