Financial Checklist

Your family cottage is a special piece of real estate and passing it down or selling it requires careful attention to financial matters. Your Advisor can help with strategies and advice for balancing your priorities and making progress towards achieving your financial goals. Take this opportunity to review your priorities and consider asking your Advisor these questions:

  • How do I determine the value of my cottage?
  • How can I estimate the capital gains tax before selling or passing it down?
  • Can I do anything to reduce the taxes?
  • What are the ways to pay for any capital gains tax liability?
  • Has my Will been prepared to reflect how I want to deal with my cottage?
  • Do I need the assistance of a lawyer?