Anthony Layton MBA, CIM

Chairman & CEO, Portfolio Manager

Peter Guay MBA, CFA

Portfolio Manager
  • T514.875.7566 x 224
  • 1.800.875.7566
  • F514.875.9611
  • Place Alexis Nihon
  • 3400 de Maisonneuve Ouest,
    Suite 1501
  • Montreal, Quebec H3Z 3B8

Cottage Succession

August 31, 2008 - 0 comments

I am a proud member of the Ste-Agathe-des-Monts Lac Brûlé community and made a presentation to the CCE Ste-Agathe-des Monts lake members today regarding “Cottage Succession.”

Knowing the residents of the community well, I thought the subject of passing on the family cottage to the next generation would be a topic of interest to many.  I am pleased to say many made the kind effort of taking precious time from family members and friends to come hear me speak; with the questions and reception received I thought this may be of interest to others as well.

Topics of discussion covered:

  • Everyone Loves the Family Cottage
  • Who will take Responsibility?
  • The Need to Plan Early
  • Ownership Formats
  • Shared Ownership Agreements
  • When the Challenge Can’t be Avoided
  • The Capital Gains Tax Problem
  • A Couple with Two Residences
  • Other Tax Issues
  • Use of a Nature Conservancy

If you know someone you think would be interested in receiving a copy of my article:  “Your Guide to Cottage Succession”, or prefers to discuss this subject matter in person, please do not hesitate to contact me.

By: Anthony Layton & Peter Guay with 0 comments.
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