![family eating dinner](/sites/rickfloergroup.us1.advisor.ws/files/styles/max_325x325/public/images/leave-your-children-the-vacation-property-not-a-tax-bill.jpg?itok=1pmbmyNT)
Leave your children the vacation property, not a tax bill
A vacation property—whether it’s a cottage in Muskoka or a chalet at Tremblant—is a valuable asset, not just in terms of the real estate, but also as a place that holds years of family memories. For many Canadians, passing the property to the next generation is a priority, but there are significant tax and non-tax-related considerations associated with keeping that cabin or condo in the family.