• Cottage Succession Planning: A Strategic Approach to Intergenerational Wealth Transfer

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    Over the past few decades, cottage values have risen dramatically, even as real estate markets fluctuate and tax rules continue to evolve. Many families are reconsidering how and when to transfer secondary properties to the next generation. What was traditionally left to the estate process is now happening earlier, often with significant tax, liquidity, and financial planning implications.

    Join Pattie Lovett-Reid, Chief Financial Commentator at HomeEquity Bank, Peter Lillico, Estate Lawyer specializing in cottage succession planning and long-standing speaker with the Federation of Ontario Cottagers’ Associations, and Andrew Cairns, wealth management specialist, for a timely conversation on cottage succession planning.

    In this session, you’ll explore:

    • How timing and transfer strategies can materially reduce capital gains tax paid
    • Strategic approaches to addressing capital gains without disrupting broader financial plans
    • Why coordinated legal, tax and financial advice is critical to protecting, strengthening and sustaining intergenerational transfer 
    • How HomeEquity Bank’s custom solutions can serve as one planning tool within a broader intergenerational wealth transfer strategy

    Designed for financial professionals advising families with secondary properties, this session will provide practical insight into how thoughtful timing, coordinated legal and financial planning, and access to liquidity can help preserve both wealth and family harmony. 

    CE credits are available for eligible financial advisors and planners.

    Reserve your spot and gain clarity on one of the most pressing intergenerational planning conversations facing your clients today.




    Why cottage succession decisions are changing

    Join moderator Pattie Lovett-Reid as she sets the stage for a timely discussion on why cottage succession decisions are accelerating and how long-term appreciation and evolving tax awareness are reshaping planning for financial professionals advising families with secondary properties.

    The tax reality: timing matters

    Peter Lillico will unpack how transferring a cottage during lifetime versus at death, along with principal residence exemption planning, can materially affect capital gains tax paid. Learn how thoughtful timing can reduce tax and why doing nothing is often the least efficient path.

    Funding the transition without disrupting the financial plan

    When cottage succession triggers capital gains tax, advisors must address those obligations without compromising the broader financial plan. Andrew Cairns will explore funding trade-offs and how HomeEquity Bank’s Custom Solutions can help preserve investment strategies and long-term flexibility.

    Coordinated planning across professional disciplines

    The most effective cottage transitions happen when legal, tax, and financial advice are aligned. We’ll close by exploring how financial professionals can lead these conversations proactively, coordinate with specialists, and position themselves at the centre of intergenerational planning.

    Final thoughts and live Q&A

    We’ll close with a recap of key insights before opening the floor for questions.