Family Cottage

Do you have clients who own a cottage or whose parents own a cottage?

With the significant increases in the average cost of recreational properties such as cottages, are they aware of the potential capital gains tax liability that may become payable to keep the cottage in the family?

4 step strategy includes a life insurance policy, paying premium, policy cash values growth and a tax-free death benefit

Unsure how to have this conversation with your clients?

To better equip you for speaking with your clients, we have created the following materials to assist you:

1. Share these with clients

A brochure for clients on the Keep the Cottage in the Family strategy on a desk with accessories around it

Keep the Cottage in the Family strategy (Client Guide)

This document helps clients understand how a participating whole life insurance policy compares to a non-registered investment in addressing any capital gains tax.

Row of cottages along the water titled Keep the Cottage in the Family with Life Insurance video

Keep the Cottage in the Family (Video)

Watch and share the video with your clients to help educate them on how capital gains taxes might apply to the family cottage.

2. For advisors

Person sitting at desk holding a guide for advisors on the Keep the Cottage in the Family strategy

Keep the Cottage in the Family strategy (Advisor Guide)

Understanding how a participating whole life insurance policy with an Additional Deposit Option (ADO) compares to a non-registered investment in addressing any capital gains tax.

Blue and green slideshow about The Family Cottage on-demand webinar to learn about the strategy

Keep the Cottage in the Family strategy (TRIIPSS Webinar)

Watch this on-demand webinar for an in-depth explanation of the strategy and tips to consider.

Want to go deeper? Check out these additional resources

Interested in learning more?

Please contact your Account Executive or call our Sales Centre Team at 1 866 894-6182 or by email at salescentre@empire.ca.

Need more information or want to speak to an Empire Life Tax & Estate Planning specialist about a case? Speak to your Account Executive to book a meeting.

For the full line-up of product and marketing resources, visit the Participating Life Insurance section of this website.

¹EstateMax, Joint Last to Die, Life Pay, standard nonsmoker, single equivalent age of 40 (both clients actual age 50)

²Taxation may apply and a tax slip will be issued as appropriate