Principle Residence Exemption on a cottage?

How you structure the sale or transfer of a cottage could make a difference in how it's taxed. TD Wealth's Nicole Ewing explains when the Principal Residence Exemption could apply to a cottage. She also says the growth in value of your other properties could factor into how and when you choose to use the exemption. Learn more about tax considerations for cottage owners: https://go.td.com/3RSzVa0