Home Breadcrumb caret Tax Breadcrumb caret Tax News Tax tips for cottage owners Cottages are more than a respite from workaday troubles; they’re major financial responsibilities By Jessica Bruno | June 24, 2016 | Last updated on September 15, 2023 1 min read 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 you’re renting your place out, or considering selling it, you’ll need to know the implications for your tax return. Our quiz will guide you to the exact forms and lines you need to fill out, no matter your 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. Jessica Bruno Save Stroke 1 Print Group 8 Share LI logo