Owners’ Fixed Summer Week always remains fixed to occur at the same time each year, forever, calculated in advance of each year based on the calendar, whereby our ten Fixed Summer Weeks are "the ten (10) consecutive week period ending on the Friday immediately preceding Labour Day each calendar year".

By purchasing an Interval, you are purchasing a specific Cottage with a specific Fixed Summer Week; that includes four more Floating Weeks each year.

When owners purchase an ‘interval’ at Inaski, they are purchasing a 1/10th investment in a specific Cottage. Their 1/10th investment provides them access to their Cottage for five weeks each calendar year, one in each of our ten-week Inaski seasons [Spring, Summer, Fall, Winter and Additional].  Floating weeks, each year, are selected through a fair and equitable selection process based on a Rotational Selection Chart.  Fair and equitable in that if your interval share had 10th pick for one particular season in one particular year, you would receive 1st pick for that season in the following year; and so on.

Use of your cottage is defined by our Owners' Agreement and associated By-Laws (much like a Condominium Agreement/By-Laws).  During each of your assigned annual five weeks of use; you'll have access to enjoy your cottage.  You can choose to trade weeks with other owners or rent your weeks to guests your friends and family.  Ownership of each cottage is comprised of ten equal shares.  Each share purchased entitles you to five weeks at the cottage every year - one week in every season.

Owner weeks start and stop on Fridays* at Inaski.  Cottages are vacated  by 11:00AM on a Friday, reset and readied for the next owner's arrival (may not arrive before 4:00pm on a Friday).

Every 'Interval' or "Share" of Inaski has an assigned Cottage, a specific Interval number (used annually to determine your priority order for week selections for the following year which adjusts annually through a rotation to provide every interval priority to select their weeks over time); a specific "Fixed" Summer Week; along with four additional weeks of assigned use; one from each of the four additional seasons at Inaski. Inaski has established five seasons (Spring, Summer "Fixed", Fall, Winter and Additional) of use; with ten weeks in each of these blocks to assign to each of the "Intervals" of that cottage.

For the Calendar Year 2025:
Summer Season's Fixed Week 1 starts on June 20th with each subsequent assigned week following after it with Summer Fixed Week 10 ending on August 29th.

Our Winter Season runs December 27th, 2024 - March 7th; our Spring Season, April 4th – June 20th; our Fall Season, August 29th — Nov 7th; and our Additional Season, March 7th-April 4th and November 14th—December 26th, 2025. All these seasons add up to 50 weeks each year, normally with two additional weeks (Spring Maintenance, April 11th- April 18th and Fall Maintenance, November 7th-14th) reserved for seasonal maintenance; maintenance that is done on your behalf; so you never have to worry about cleaning the carpets, repainting the walls, staining the decks, cleaning the windows or gutters, etc...

For the Calendar Year 2026:
Summer Season's Fixed Week 1 starts on June 26th with each subsequent assigned week following after it with Summer Fixed Week 10 ending on September 4th.

Our Winter Season runs December 26th, 2025 - March 6th; our Spring Season, April 10th – June 26th; our Fall Season, September 4th — Nov 27th; and our Additional Season, March 6th-April 3rd and November 27th—January 1, 2027. All of these seasons add up to 50 weeks each year, normally with two additional weeks for maintenance.  In 2026, there will be three maintenance weeks; realigning our calendar every seven or so years as required.

These seasons and the specific weeks which makeup these seasons are identified annually in advance by the Association (based on Association documents). The Association is a not-for-profit company whose Board of Directors are owners, elected by the voting members (owners) of the Association; the interval owners. An Annual General Meeting is held each April.

The selling of an Interval/Share of an Inaski Cottage is a  transaction between the Seller/Owner and the Buyer.  A Seller/Owner and/or the Buyer may choose to have their own legal counsel to assist them in the process; but the Association requires the explicit oversight (exchange of documents and monies) be made through the Association’s lawyer.

When a Seller/Owner and a Buyer have entered into a verbal agreement with each other and have settled on a price and the terms for an Interval/Share sale; the Seller/Owner would notify the Association (Property Manager and/or President) AND contact the Association’s Legal Counsel to initiate the legal process.  The Interval price will be HST exempt.  As of January 1, 2025, the associated legal fee ($1600) and administrative transfer fee ($200), will require HST to be included.

The Association’s Legal Counsel is (as of September 30, 2024):
Ms. Anna Stepanova, Corporate Clerk to Mr. Joel Berkovitz
SHIBLEY RIGHTON LLP
250 University Avenue, Suite 700
Toronto, Ontario M5H 3E5
Telephone: 416-214-5261 (or -5227) / 877-214-5200 x237
Fax: 416-214-5436
email: Intervals@shibleyrighton.com

A legal procedure that aims to make an owner's resale transaction as ‘turnkey’ as possible is provided to both the seller and the buyer. Legal fees involved are traditionally shared 50/50 between the buyer and seller (unless otherwise negotiated); with SHIBLEY RIGHTON LLP’s office acting to ensure that the interests of the Association are properly represented.  

Beyond the Association’s control, and legally required and overseen by the Association’s Lawyer, the buyer is required to remit to the Government of Ontario, a Land Transfer Tax for the Beneficial Interest (Reference: http://www.fin.gov.on.ca/en/bulletins/ltt/1_2009.html, April 2014).

The current formula for the Land Transfer Tax (LTT) is:
Purchase Price up to $55,000.00 = Purchase Price X 0.005
Purchase Price exceeding $55,000.00 up to $250,000.00 = (Purchase Price X 0.01) - $275.00

All payments will be managed by and through the Association’s Lawyer.

Should a sale occur mid year, the proportional amount of Annual Fees will be calculated and assumed by the Buyer. (ie. If 2 Assigned Weeks of use remain in the year, 2/5th of the Interval fees will be assumed by the Buyer) unless otherwise negotiated.  Should the Interval close after November 30th in any year, the Buyer would also be assuming the costs of the Annual Fees paid against the Interval for that year as well, unless otherwise negotiated.  It is the responsibility of the Seller to ensure that all of these additional amounts are explicitly itemized in the Agreement of Purchase and Sale.

This legal process will require time to allow for the flow of paperwork to travel its course and does not require either the Seller/owner and/or buyer to attend any legal offices or be present at the same time. This process has been developed to be as accommodating as possible.

The Association’s Legal Counsel will provide the Buyer with current Association documents (Owners’ Agreement and its related By-Laws). It is the responsibility of the Buyer to ensure that they understand the terms of Interval/Share Ownership; its responsibilities and its benefits.