@calmmoneycoach: 8 ways to pass down a cottage. Most people know two. Canada doesn't tax the gift. It taxes the gain. You can't make it vanish, you can only pick the right door. Eight of them, one catch each. Hold it to death and the whole gain lands on one final return. Gift it now and you're taxed on money you never got. Door 4 is the smart one: sell on a note, spread the gain over 5 years, forgive the note in your will. In the will, not while you're alive. That order is the whole trick. And one door to never open: your kid on the title to skip probate. Whole video on why, linked in bio. Three questions pick your door. Do you need the money. Does the family want the place. How big is the gain. Save this for when it's your turn to decide. #canadianfinance #cottagelife #estateplanning #capitalgains #personalfinancecanada Calmmoneycoach.ca for more
How about this scenario: two adult children has been on the title since the property was purchased approximately 40 years ago. Each is a 25% owner with the parent owning the remaining 50%. An accountant advised to just leave it in the will as the simplest option.
2026-07-03 23:34:28
3
jdog_9802 :
If my parents put me on title I’m an only child . Do I only pay taxes if I sell the cottage?
2026-07-03 22:44:11
4
Life'sGood® :
The more you all are explaining, the less I want to own.
2026-08-04 02:03:07
2
Asdf1234 :
This is why we can’t have nice things 😂😂😂
2026-08-08 18:56:45
1
Katrina M :
The iou sounds interesting
2026-07-03 21:59:31
4
Darnoth :
got my moms cottage and deferring over 5 years so her income stays low enough so she doesn’t get OAS claw back make sure to do it soon enough so they don’t pass before it works out or the tax bill will go up
2026-07-04 03:58:05
4
Rishi Sholanki :
great video
2026-07-07 03:13:33
1
BrayBray :
Doesn’t matter what you do. You just delay the inevitable. The government will get its cut.
2026-08-03 21:24:57
0
CanuckFinancier🇨🇦🇺🇸 :
What about giving it to minor grand kids? Joint tenancy or even tenancy in common. Do they pay less if they have no income?
2026-07-07 22:12:23
1
smackinbots :
what if you sell it on a note to a trust ? and then forgive it in the will ?
2026-07-03 23:13:37
4
🍁FARMBUM🍁 :
Does this apply to a home also?
2026-07-13 18:32:16
1
Bar :
Love your videos but a little bit of feedback: your explanations are still too complex for those who stand to gain the most from your content
2026-07-16 01:20:07
2
mrlost13 :
So which is best
2026-08-05 13:11:46
0
B4 W :
My gawd this is so criminal government is nothing but mafia absolute nausea
2026-08-01 02:08:08
0
Andrew M :
#4 is definitely rolling the dice claiming that reserve. CRA would have a solid GAAR challenge if they looked at it
2026-07-28 13:25:50
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krakchead :
Wow I didn’t know ‘sell on a note’ existed , that’s a beauty and likely worth every penny of lawyer fees. Thanks for that video
2026-07-08 14:19:39
1
jennmortgages 🇨🇦 :
real information and very confusing for home owners. love it
2026-07-28 00:06:19
0
Katrina M :
I’m just sitting here thinking about a similar situation. I own both the houses my kids live in. Thinking of putting each on title of the house they live in. Both are not married but common law. Thoughts
2026-07-03 21:59:03
3
Thanksbutnothanks21 :
Sell your primary house move into your cottage live in your cottage for a couple years and then sell it tax-free. Then you just pass on the money no taxes paid.
2026-07-21 11:33:11
1
Shazad 🇨🇦 :
👍👍👍
2026-07-03 21:48:31
3
Mallory Lee ✨️ :
Learning to prioritize financial discipline by saving and investing wisely has reshaped my perspective on growth and stability From small beginnings to remarkable progress—appreciative of the mentorship @Roshni Nadar | Finance ✨️
2026-07-04 01:14:52
0
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