MLA Updates – Concerns about the JW Marriott Concert Venue & Flood Watch
JW Marriott Concert Venue: Friends of Muskoka and the MLA have been raising concerns over a new plan to create a 10,000 person concert venue beside the JW Marriott. A group of cottagers have drafted a letter supporting the steps being taken by Mayor Peter Kelley and Council to address public safety, noise and other significant concerns with holding large outdoor concerts like this in Muskoka.
If you would like to add your name to the letter, you can email: LookingAfterMuskoka@gmail.com
Flood Watch Update: While threats of flooding this spring appear to have subsided, you might be interested in reading about what is being done to reduce water levels and prevent flooding in the future. Here’s a link to the MLA’s April flood watch update.
The MLA ‘s Newsbites has a great round up of news for the Muskoka Area.
View the April one HERE.
Changes to Capital Gains Tax - Have Your Say
Many of you will have heard of proposed changes to the capital gains tax announced in the recent federal budget. Long-time member Paul Tyers writes in with some personal thoughts and a call to advocate for change.
Fifty years ago this May, I took a leap as a 20-year-old university student by purchasing a piece of Playfair Island in Lake Joseph for $24,000—a bold move that brought me nearly 800 feet of lake frontage. Reflecting 50 years later, the true value of this investment isn't measured in financial terms, but in the countless family memories created at “the cottage”. My wife and I, along with our children and grandchildren, cherish the time spent here and are dedicated to keeping this retreat within the family.
As a Chartered Accountant and Certified Financial Planner, I thought I had a foolproof plan to preserve our family sanctuary while also managing our business's succession. However, recent changes in the federal budget has compelled us to revise our approach to tax and estate planning. Our strategy will be guided by two main principles:
- The KISS principle—Keep It Simple, Stupid
- Don’t let the tax tail wag the dog of our investment objective
I encourage fellow cottage owners to tailor your planning to your family’s unique needs and aspirations. It’s also important to actively advocate for the revision or postponement of new tax regulations that could impact our legacies.
Paul Tyers - ptyers@wealthstewards.ca
FOCA has put together some background materials for members and are asking everyone to write to their MP. Here’s the link: https://foca.on.ca/property-taxation-assessment/
FOCA Benefits for LJNA Members
The LJNA is a member of the Federation of Ontario Cottagers. FOCA speaks up for waterfront property owners across Ontario on issues our mutual concern such as taxes, environmental issues and more. LJNA members are entitled to several very interesting benefits including discounts on insurance, purchasing AED’s and more.
Click HERE for information on the membership benefits The discount on insurance can be substantial.
Click HERE for the latest Elert from FOCA.
Muskoka Watershed Council – 2023 Report Released
The Muskoka Watershed Report Card, produced every five years by the Muskoka Watershed Council, scientifically assesses Muskoka’s watershed health.
The message of the 2023 edition is that Muskoka’s watersheds stands at a crucial turning point. While currently healthy, they are gradually degrading in several ways, and our existing management systems seem incapable of halting or reversing this negative trend. We need an integrated, watershed-scale management system capable of dealing with the multiple stresses our iconic environment now faces. Read more HERE.