Passing on the cottage part two: Managing capital gains
Whether your cottage is opulent and mansion-like or a simple log cabin set deep in the woods, there’s a strong chance it’s grown in value since you bought it. That can be great news if you plan to sell your home away from home. But the appreciation can also add complexity if you plan to pass the cottage on to the next generation. Chris Gandhu, High Net Worth Planner with TD Wealth, joins Kim Parlee for a three-part series on cottage succession. In part two: Some ways to help manage appreciation and capital gains tax.