The beautiful family cottage. Your most precious memories can be made at your family cottage. That’s why it’s important that your cottage, and all that it represents, stays within your family for generations to come.
In the eyes of the Canada Customs and Revenue Agency (CCRA), your cottage is considered a Capital Asset. As such, upon your death they automatically assume that it has been transferred to your spouse. If you have no spouse, you are deemed t...Continue
SNOWMELT FLOODING – BE READY FOR IT!
Flood prevention in your home and yard is your responsibility. If the snow melts quickly, your home may be at risk of flooding even if it’s never been flooded before.
Tips to help you reduce your risk of a snowmelt flood in your home:
(Some tips involve snow shovelling which is heavy work. Consider doing a bit at a time and please u...Continue
Alright, what I’m about to tell you isn’t magic, but it’s pretty close. With another RRSP and tax season in the rear view mirror, the last thing many people are thinking about is making RRSP contributions. For most, contributing to an RRSP involves a last minute scramble to make a lump sum contribution to acquire that desirable tax refund. Is there anything wrong with a lump sum contribution when tax season approaches? Absolutely not. Is there a better alter...Continue