Retiring Canada

Cottage Succession: Avoid Costly Tax Mistakes (EP 3)


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Learn more about the Fundamental Retirement Plan: ⁠ https://www.fundamentalwealth.ca/get-started

Thinking about passing your cabin or cottage down to your kids?

In this episode of Retiring Canada, we walk through the key financial and tax considerations when transferring a family vacation property in Canada.

You’ll learn how the principal residence exemption works, the risks of joint ownership, how capital gains tax is triggered, and strategies to avoid costly mistakes like double taxation.

We also cover how to handle situations where multiple children are involved, and how to structure your estate so it remains fair and tax-efficient.

This episode is for Canadian retirees and pre-retirees who want to make smart decisions around estate planning, tax planning, and family wealth transfer.

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EPISODE RESOURCES:
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👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide

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🌐 Retiring Canada Website: https://www.retiringcanada.ca

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Retiring CanadaBy Michael Isbister, CFP®