How To Keep Your Cottage in the Family and Reduce Your Future Tax Bill (Ep. 40)

Are you thinking about selling or gifting your cottage to your kids? A lot of cottage owners want to keep this property in the family. But, too many of them get hit with a big tax bill because they don’t know how to make the transition. 

If you want to avoid tax mistakes, this one’s for you!

In this episode, Kris Dureau shares advice — as a financial planner and fellow cottage-owner — on how to reduce your cottage’s future tax bill. He also dives into the nuances of family dynamics to help you make a confident decision about which child to give or sell the cottage to.

Kris discusses:

• Why cottage property values are surging and how that impacts estate planning
• What to consider when deciding which child will receive the cottage
• Major mistakes people make when selling or gifting a cottage
• Top ways to reduce your cottage’s future tax bill
• And more

Connect with Kris Dureau:

• Green Private Wealth  
• Facebook: Green Private Wealth
• LinkedIn: Kris Dureau
• LinkedIn: Green Private Wealth
• Book a call with Kris
• Harbourfront Wealth Management

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