Canada calculators for your cottage
Built on Canadian rules: semi-annual mortgage compounding, the stress test, CMHC limits, provincial land transfer tax and the principal residence exemption.
- Running costsCottage running costsWhat a cottage costs every year: tax, insurance, heat, road, dock and upkeep.
- Purchase taxLand transfer tax on a second propertyProvincial and municipal land transfer tax on your purchase, band by band.
- AffordabilityCan I afford a cottage?The stress test, both properties in your TDS, and the down payment your use type needs.
- RefinanceMortgage penalty and refinance break-evenEstimate the IRD penalty and how long a lower rate takes to pay it back.
- SellingPrincipal residence exemption: cottage or city home?Compare which property to designate, and the estimated tax on the other.
- Any currencyFamily property cost splitShare a cottage or family home fairly by ownership, weeks of use, or both, and settle who owes whom.
Canada guides
- GuideBuying a cottage in CanadaDown payment rules, CMHC, the stress test, land transfer tax and closing costs.
- GuideSelling a cottage: capital gainsThe 50% inclusion rate, the principal residence designation, and family transfers.
- GuideRenting out your cottageRental income, the personal-use split, capital cost allowance and short-term rental rules.
Other countries: United States ยท United Kingdom
Keep the numbers with the property
OwnersLog holds costs, receipts, owners, repairs, contacts and photos for a second property in one private record, so the figures are there when you need them.