Ten tax issues and opportunities with your cottage to watch out for
If you own a cottage, or are thinking of buying one, be mindful of the following cottage-owner mistakes that can cost you big tax dollars if you’re not carefulWhether it’s a cottage, cabin, camp or chalet, more Canadians are looking to defray the cost of ownership by earning some rental income, or trying to deduct some of the costs related to their vacation homesWhile the basic process of applying for and qualifying for a mortgage are the same, lenders will look at many more variables when...
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