Property Tax Re-Assessment:
'Welcome to About My Property' Video:
Legal & Financial Matters
By now you should have received your Property Assessment for your Kushog Lake property. Watch the new MPAC video “About My Property," to learn more about how your property was assessed, see the information MPAC has on file, and compare your property to others in your neighbourhood.
Visit FOCA's webpage for information about how to file a Request for Reconsideration if you think MPAC got your assessment wrong: ttps://foca.on.ca/how-to-challenge-your-property-assessment/.
How to Challenge your Property Assessment
Remember: if you disagree with your MPAC assessment, there is a way to ask for reconsideration. The process has changed this year, and FOCA has posted the newest info - click here.
Important Tax Information for Home and Cottage Owners
October, 2016 – Whether you own a cottage, a home or both, you should know that the Canada Revenue Agency has recently made changes that can result in the unnecessary payment of capital gains taxes or penalties when your cottage or home is sold or transferred. FOCA wants our members to be aware of these important changes, which were introduced by Finance Minister Bill Morneau in early October 2016.
For more cottage succession information, click here.
Click here to download the FOCA report: Important Tax Information for Home and Cottage Owners.
Principal Residence Exemption Update 2016: