The ABCs of the ACB Thinking of selling your cottage, cabin, or recreational property? Unless it’s truly your principal residence, the Canada Revenue Agency (CRA) will want its share of any capital gain you make on the sale. It calculates the capital gain as the...
Unless it’s a principal residence, you’ll pay tax on any gain in value If the likes of Steven Spielberg, Goldie Hawn, Kurt Russell, Tom Hanks, and Bill Murray have been spotted vacationing at summer homes in the exclusive Muskoka lakes region of Ontario, there...
It’s not all piney woods and gorgeous sunsets The cabin in the woods or cottage by the lake can make a great retreat from the big smoke. But with vacation properties in prime areas pushing a million bucks or more, buying one has become a major financial planning...