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SETTING THE

RECORD STRAIGHT

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REAL ESTATE

LAW

A STRONG EXPERTISE

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BUSINESS

LAW

BUSINESS LAWYERS

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LAVAL

MIRABEL

MONT-TREMBLANT

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Last publication

July 3, 2025

Real Estate and Construction
Beware of selling for $1.00 to a relative, a gift might be better!
By Mtre Bryan-Eric Lane, Lawyer

Are you thinking of selling your cottage for the symbolic amount of $1.00 to a family member? This symbolic gesture could have significant tax consequences for both you and your relative.

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© LANE, Lawyers and Business Advisors Inc.

4494, Autoroute Laval West (A­440), suite 220, Laval (Quebec) H7T 2P7
P: 450-696-1033 | F: 450-934-0804 | info@lanelegal.com | www.lanelegal.com