Good Point – Don’t Inhabit an Inherited Cottage if Selling at a Loss!

It’s bad enough to have to sell the family cottage to pay capital gains tax – worse still to have a capital loss be denied because you lived in the cottage for a bit!

http://www.theglobeandmail.com/globe-investor/personal-finance/taxes/how-to-take-the-tax-sting-out-of-an-inherited-property/article4483008/