Family cottages and the impact the capital gains tax changes could have
With the increase in the capital gains inclusion rate moving forward, those with family cottages are facing a larger tax bill when they pass it on to family or sell for retirement.
![Family cottages and the impact the capital gains tax changes could have](https://globalnews.ca/wp-content/uploads/2023/07/cottage-season-canada-e1689349704524.jpg?quality=85&strip=all#)
With the increase in the capital gains inclusion rate moving forward, those with family cottages are facing a larger tax bill when they pass it on to family or sell for retirement.