Share As I mentioned yesterday, the Home Renovation Tax Credit ended yesterday, so if you were thinking of doing renovations now, they will cost a little more. To help offset this tax credit loss, keep in mind these tips to make home renovations affordable. 1. Start with a detailed plan It is obvious, but it’s [...]
Share Homeowners in Saskatchewan and Manitoba are planning to spend on home renovations despite of the slowing economy according to a recent Royal Bank of Canada (RBC) survey. The RBC survey found that 73% of Saskatchewan and Manitoba plan to make renovations on their home within the next two years. The report goes on to [...]
Share After settling in your home, you will begin to view your home with a more objective perspective. You will find there are things that you will want to change, whether it is the flooring, countertops or kitchen cabinets. You may find that there are things in your home that require repair or replacement, such [...]
Share Before attempting a home renovation, there are several questions you should be asking yourself. 1. Is the Renovation Practical? The type of renovations you should not be questioning is maintenance renovations, as they are not a choice as it comes with owning a home and protection your investment. You should be questions lifestyle renovations [...]
Share I recently spoke about the Home Renovation Tax Credit (HRTC) which is a tax credit for home renovation expenses within January 27th 2009 and February 1st 2010. Well today I will touch upon the Home Buyers’ Tax Credit (HBTC) which began for 2009 and any subsequent years.The HBTC is a new non refundable tax [...]
Share As I have said before, home renovations are smart investment in the long term value of your home. Recently in accordance to economic stimulus and encourage investing in Canada’s housing stock, Budget 2009 proposed a temporary Home Renovation Tax Credit (HRTC). HRTC will apply to eligible home renovation expenses for work performed, goods acquired [...]
