Families who\u0027ve lived in the Muskokas for 6 generations are trying to hold onto their land as the taxman threatens a huge bill. Read more.
, a financial planner and managing director of Objective Financial Partners Inc. But any property purchased, or gifted at no cost, prior to 1972, needs to be given a value as of 1972 to calculate the capital gains on it.
He possessed some skill as a mason, spent time working in Toronto, gradually tracked north as a farm labourer before arriving on the property his great-grandchildren share today, and married Isabella James. She is wiry and burnished by the sun, with pale green eyes, red hair and strong opinions. She doesn’t resent the summer people, rather, she understands who pays the bills, although she does chuckle when describing the urban tycoons who come north without the foggiest clue as to how to fix a loose shower tap — or practically anything else. She once tried living in nearby Bracebridge, population 16,000, for three months, and describes the experience as awful.
But the more immediate existential threat facing the younger generation of Carrs is where to secure full-time employment and housing, assuming they don’t want to move elsewhere, or live with mom and dad for the rest of their lives.Article content Kelley has a few ideas on how to revitalize the place. One would be having a skilled-trades college set up in a community with tons of demand and money, but not enough tradespeople to meet people’s needs. Another involves mining the abundant, semi-retired brain power that own vacation homes nearby, and perhaps creating a world-class institute of some kind that could host global experts in, say, environmental and clean water issues in a pretty spot by the lake.
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