The attached document was brought to my attention by Yves Poirier, a DCA member, who works as a vice-president at BMO Nesbitt Burns.
Titled Your Plan for the Family Vacation Property it will be of interest to all those who own more than one home and wish to know more about the tax issues related to the eventual transfer of a cottage to a family member.
To read and download, click in the link.
DCA Board, Jacques,
VEry informative article on family vacation property.
Thanks so much for this article, thanks to Yves also. I printed the article. It’s a subject Bob & I talk about frequently about planning for our properties. A great idea for us all.