Call Durham Region Home - Real Estate Blog

Thinking of selling your cottage? Pay close attention to the new rules on principal residence exemptions

 

A seasonal residence, such as a cottage, cabin, lake house or even ski chalet can

be considered to be“ordinarily inhabited in the year” even if you only use it during

vacation periods “provided that the main reason for owning the property

is not to gain or produce income.”   ...............click onto link for more info

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