Home Renovations: Tax Credit or Rental Income?

Depending on the outcome of this October's federal election, Canadian homeowners may be able to claim a permanent home renovation tax credit for substantial renovations between $1,000.00 and $5,000.00. (The 2009 home renovation tax credit was a successful though temporary measure.)

Homeowners and investors alike will be watching this story unfold.

Read more here and here.

If you're considering putting in a rental suite, you'll want to look into the financial and legal implications before you start renovating.

Read more here.

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