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:

• Three Hats Financial  
  
• Facebook: Three Hats Financial
  
• LinkedIn: Kris Dureau
  
• Harbourfront Wealth Management