It happened to me: my kids just read this article in The Globe and Mail, Leaving the family cottage to children will cost you – or them https://tgam.ca/2o7ljmJ . It’s about how the family cottage will likely incur capital gains taxes because of the increase in cottage values. Mr. H and I bought our first cottage before we bought our first house, so we have definitely seen an increase in cottage prices over the years. It does not dampen my excitement about the upcoming cottage season and visits from the kids…in fact we have already started a round of Summer of ’17 weekend scheduling. So if you’re part of my family, get your dates on our calendar now! Let’s enjoy it before the tax man cometh.