Canada guides for cottage owners
Built on Canadian rules: semi-annual mortgage compounding, the stress test, CMHC limits, provincial land transfer tax and the principal residence exemption.
- 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.
Canada calculators
- 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.
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.