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Taking the gain from a cottage

Reduce the CRA’s tax take With the price of recreational real estate soaring in the past couple of years, especially in high-demand areas, many long-time vacation property owners are seriously thinking about selling the property, especially if they are close to or...

SELF-PUBLISHED

Cut your tax bill when selling that piece of paradise

How cottage improvements can save you a bundle in taxes Thinking of selling your cottage? If your cottage or recreational property is not your principal residence – and for most people, it’s not – when you sell it, you’ll pay capital gains tax on any appreciation...

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