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There are few things Canadians covet more than being able to trade the heat of summer in the city for the cool breeze coming off of a lake or rustling through the trees. But cottages are more than a respite from workaday troubles; they’re major financial responsibilities. If your client is renting out her cottage, or considering selling it, you’ll need to know the implications for her tax return.

Our quiz will guide you to the exact forms and lines you need to fill out, no matter your client’s unique situation. Scroll down and click on the interactive links below to get started, or click on the umbrella icon to open the quiz in a new tab.

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Originally published in Advisor's Edge Report

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