MacQueen

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====== Cottage ======

===== Inheriting =====

Cottage was appraised at $1,155,000 in 2017.
From Doug 6/11/2025 <code>Yes, your heirs get the appraised basis at the time of your death as their basis.

But, your estate pays capital gains on the difference between the basis you got from Mom and the appraised basis (value) at the time of your death.  Establishing your basis via documents may be necessary.  It was with Bruce’s estate.

Plus your estate will pay a “transfer tax” based on the appraised value at the time of your death in addition to  capital gains.   No basis or deductions.

Bruce’s transfer, legal fees, accountants and taxes of all kinds has cost $18,000 USD so far, and I think it is done, but he only owned it for less than 2 years.

To pay capital gains you need to file a tax return and write the check on a Canadian bank.

Plus his was a “foreign owner” estate.  Another reason to tell you “it’s complicated” and take a bit more of your money. </code>

===== Legal description =====

2 - 1123 PLEASANT VW PT RD CON D PT LOT 31 in The Township of Muskoka Lakes Roll #  445304002204100.0000

===== Bunkie =====

* refrigerator is 28w x 56h

* [[ CottageInternet | Cottage Internet]]
  * Austin Plumbing - Bob 765 3322
  * Morrow 765 3159 644 0717 info@morrow-electric
  * McDermott 765 3212 Andrew cell 644 9368 home (disconnected?) 765 3232
  * Bruce Boyce 705 641 0470 1051 Brackenrig Center Road Port Carling
  * ken mcmorran 705 644 2086 cell 705 764 5555 office
  * Bruce Boyce 705 641 0470
  * Thermo Seal 800 461-5672 Josh 705 787 5715
  * Dan Miladinovic 705 689 9581 cell 705 305 4822
  * www.weismillerlumber.com 705 762 3308
  * Sandra Davis (drywall) 705 801 5490 cell
  * Septic 2156 max sf fixture count < 30
  * Terri Ledger 765 5428
  * Home Depot Bracebridge (705) 646-5600
  * Hydro Gord - 1 888 238 2398 x6323 Jodi (was 6344 Kerri) #300075367
  * Township 765 3156 Curtis Livingstone Dave Falkenberg
  * Pex crimper http://www.homedepot.ca/product/surlok-starter-set-with-rings/972128
  * Satellite internet http://www.galaxybroadband.ca/residential-service-plans.html
  * Bunkie pics https://picasaweb.google.com/117994636860091140872/Bunkie
  * http://windermeregardencentre.com/
  * [[cottageTodo | Cottage To Do ]]
  * [[bunkieTodo | Bunkie To Do ]]
  * [[homeDepot | Home Depot to get]]
  * [[wpholloway| wph]]

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