CIBC Private Wealth
June 29, 2021
Passing down the family vacation property
Tax & estate planning for your vacation property
June 1, 2021
Jamie Golombek, Tax and Estate Planning, CIBC Private Wealth Management
Summer is a great time to enjoy a vacation property with family and friends. With real estate values increasing significantly in the past year, and notably so for vacation properties, it’s also a good time to do some estate planning for the potential transfer of your cottage, chalet or cabin1 to future generations. This report will focus on tax and estate planning strategies for Canadian vacation properties.2
1 We generally refer to a vacation property as a cottage in this article.
2 For U.S. vacation property planning, please see our report “Your US vacation property could be quite taxing” which is available online at: www.cibc.com/content/dam/personal_banking/advice_centre/tax-savings/us-vacation-property-en.pdf.
Related posts
CIBC Private Wealth
May 14, 2020
What’s the (e)state of your will?
Whether you have a will or haven’t put pen to paper yet, consider these estate planning insights today.
Read moreCIBC Private Wealth
February 14, 2020
Africa’s big five safari destinations
Lions, leopards, elephants, rhinos and buffalo…get up close (in comfort) at these top-ranked African lodges.
Read more