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Increase to capital gains tax will cause a flood in the cottage market: Muskoka realtor

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Changes to the capital gains inclusion rate announced in the federal budget last week could be a catalyst for a correction in the cottages and recreational property market as owners weigh their options, says one Muskoka-based realtor.

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Budget’s capital gains tax changes divide the small business communityThe new incentive, however, will not apply to a range of industries, including restaurants, hotels, the arts, entertainment, and professional services, such as doctors’ offices and small accounting firms
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