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Looking for accountant recommendations re: capital gains and second property

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  • Looking for accountant recommendations re: capital gains and second property

    Hello everyone!
    Can anyone recommend an accountant who can help me navigate the rules regarding capital gains on a second property?
    My ex and I co-own a house (the principal residence) in Ottawa and a cottage. She wants to keep the house as her principal residence and I am thinking of making the cottage my principal residence.
    From what I've seen, I'll be responsible for the capital gains on the cottage from the time we first bought it until I make it my principal residence, when I go to sell it.
    If I keep part ownership on the house in Ottawa, then I might have to pay capital gains on it later, for the time that it isn't my principal residence. That and other questions, I want to make sure that I'm structuring things properly.

  • #2
    A real estate lawyer may be able to help too.

    Comment


    • #3
      Originally posted by rockscan View Post
      A real estate lawyer may be able to help too.
      Do you have any recommendations?

      Comment


      • #4
        Nope but if you go here: https://www.lawyerratingz.com/m/

        And type in your city and practice area, you can look through and find one you think will help.

        Comment

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