Hi Friends,

I recently purchased a cottage in the Kawartha Lakes area, closing will be in March. The cottage will primarily be used for short term rental.

My family and I operate a family owned business that is also growing year over year.

We are a family of six. All six members have a property/mortgage. This cottage will be the first purchase we make that will not be our primary residence.

I read online that purchasing the cottage under a business may make more sense. Setting up a trust structure would allow all family members to have ownership.

I want to ask if there is a particular structure I should consider. Wondering if anyone has experience with this. Would appreciate your guidance!