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Episode 95: Vacation Homes As An Income Source

Episode 95: Vacation Homes As An Income Source

Your Canadian Retirement Specialist

November 14, 202311m 15s

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Show Notes

Have you ever wondered how you can turn your vacation home into a source of income?

If you have a cottage, cabin, chalet or bungalow you aren't using as often as you like to, it may be time to consider renting out your vacation home.

It can be another way for you to bring in year-round income, depending on the location and size of your property.

In this episode, I go over some things you need to know before renting out your vacation home.

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Regan Schiller holds his Certified Financial Planner, Registered Retirement Consultant and Certified Life Underwriter designations. He is an Executive Financial Consultant licensed under Investors Group Securities Inc.

Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently, and past performance may not be repeated.

LIRA regulations vary provincially. For more information on LIRA in your area, please refer to your provincial government's website.

Additional information on the Canada Pension Plan and Old Age Security can be found at:

www.canada.ca/en/services/benefits/publicpensions.html.

Statistics sourced from www.airbnb.ca and www.igms.com

Music courtesy of LesFM: https://lesfm.net.