Family Cottage and Vacation Properties

“Ownership and Succession Strategies for Canadian & Foreign Properties”

Thursday February 24th, 6:30 - 8:00pm, Ivey Business School room 1R40

Dave Simpson - Director of the Business Families Centre - invites you to attend a thought provoking presentation on “The Family Cottage”. Join guest, Mike Bondy, speaking on the trends, tax implications and tips and traps of ownership of cottage and vacation properties.

Who should Attend:

• Family cottage and vacation property owners interested in strategies for passing their properties to the next generation.
• Those who have bought or are interested in acquiring a cottage, vacation property in the United States or foreign countries.

Topics Include:

• Why buy vacation properties and the impact of family dynamics
• Structuring acquisitions for tax, succession, and asset protection purposes
• Tax minimization on the sale of cottage or vacation property
• Utilization of Family Trusts for acquiring cottages and vacation property 
• The Implication of U.S, estate taxes 
• Is now the time to purchase in the U.S? 
• The economics, costs and potential problems with ownership of US vacation property 
• A quick trip to various countries for the implications of acquiring property there

The Speaker

Mike Bondy is a CA, CFP (Certified Financial Planner) and TEP (Trust and Estates Practitioner). He is a senior partner at Collins Barrow in London, Ontario and the National Director of Succession Planning for the firm.  Mike has presented seminars on succession planning, tax, retirement, financial planning, and international real estate including his recent End Game Seminar for company owners transitioning to retirement.  He has presented seminars at the Ultimate Travel Show and written articles on ownership of properties outside of Canada including Mexico, Latin America and the Caribbean as well as the United States.

He is uniquely positioned to advise and speak on the tax implications, investment opportunities and challenges of cottage, US and foreign property ownership as he and his wife Jane own a cottage in Bayfield as well as vacation investment properties in the Florida Keys, and Baja Mexico.

RSVP to .(JavaScript must be enabled to view this email address) by Feb. 21st

Click here for pdf.