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Workshop for Americans: Canadian taxes and your Lake of Bays Property

US taxpayers who own property in Ontario need to know about Canadian taxes. If you transfer ownership to a family member, trust, or corporation, or make a bequest, you (or your estate) will face a tax liability of up to 25% of the capital gain. To learn how the taxes work and explore how conservation can reduce your tax liabilities, join the Foundation and American Friends of Canadian Land Trusts at a workshop on July 25, 10:30am-12:30pm, at the Marsh's Fall Education Centre for presentations and conversations with these leading experts:

  • David Power, Senior Tax Consultant, Grant Thornton LLP. David has more than 30 years of experience in Canada/US taxation matters related to cross-border investments by individuals, corporations, partnerships and trusts. His practice extends to estates and cross-border estate planning. David is a Canadian Chartered Accountant and holds a Master's Degree in US taxation law.
  • Sandra Tassel, Program Coordinator, American Friends of Canadian Land Trusts. American Friends is a US charity that partners with Canadian conservation organizations to protect natural heritage.

Judith Mills, President, Lake of Bays Heritage Foundation

This workshop is for you if you are a US taxpayer, or know a US taxpayer, who may want to:

  • Leave property to family members while minimizing tax liabilities on capital gains
  • Preserve a Lake of Bays island or mainland property that you love
  • Make a US tax deductible contribution to conservation in Lake of Bays
  • To reserve your seat email registration@lakeofbaysheritage.ca. A light lunch and optional walking tour of Marsh's Falls will follow.

 

Thank you to the Ontario Land Trust Alliance and the Ontario Trillium Foundation for their generous support in making this workshop happen.

Our Results
  • Acquired over 50 per cent of the Lower Oxtongue River for permanent protection, including 6.5 km of shoreline.
  • Preserved one mile of natural shoreline and 47-acres of forest at Port Cunnington.
  • Partnered with the Ontario Heritage Trust to be the steward of the 100-acre Pyke property near Brown's Brae.
  • Recognized more than 30 building owners with plaques for heritage property protection.
  • Encouraged the Township to create a Heritage Committee of Council to encourage protection.
  • Rescued the Bigwin ferry from a sunken mooring in 1991 and conducted feasibility studies to transfer to the current Navigation Society for restoration.
  • Established the Harriet T. Weaver Memorial Trust which funds two bursaries each year to assist one student from each of Bracebridge and Huntsville high schools to help pay for their first year of university or college.
Events
07.15.18
Butterfly, Dragonfly, Damselfly Count
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07.21.18
Bees & Pollinator Monitoring - Marsh's Falls
Read More »
07.25.18
Workshop for Americans: Canadian taxes and your Lake of Bays Property
Read More »
07.28.18
Silent Boat Rally 2018
Read More »
08.18.18
Annual General Meeting 2018
Read More »
06.09.18
Bird Count 2018
Read More »
Contact Us

Lake of Bays Heritage Foundation
P.O. Box 81
Baysville, Ontario
P0B 1A0

416-433-2174
info@lakeofbaysheritage.ca