Passing on the cottage part one: One big family asset
If you own property in cottage country, you already know spending summers by a tranquil lake is the stuff Canadian dreams are made of. Thanks to a booming real estate market, your cottage may also be one of your family’s biggest assets. And yet passing it to the next generation could prove more complicated than you might think. Chris Gandhu, High Net Worth Planner with TD Wealth, joins Kim Parlee for a three-part series on cottage succession. In part one: Some ways to purchase a cottage that could make an eventual transfer more successful.