Canreef Aquatics Bulletin Board

Canreef Aquatics Bulletin Board (http://www.canreef.com/vbulletin/index.php)
-   Lounge (http://www.canreef.com/vbulletin/forumdisplay.php?f=14)
-   -   Home reno tax credits (http://www.canreef.com/vbulletin/showthread.php?t=61135)

danny zubot 02-12-2010 11:41 PM

reply
 
Quote:

We are around $5000-$600o I think, deck fence, basement finsh... only got material costs since I did everything myself
I did everything myself too, so no labour charges to write off for me either.

I wonder if the gov. will do this again? I still have lots to do around the house. Like hardwood floors, new windows, exterior paint, baseboards and window trim through out the entire house. Oh ya, and new kitchen cabinets.

targaboy78 02-13-2010 12:46 AM

Oh boy! Don't get me started.

Wifey mentioned that it might be nice to knock out the wall between the kitchen/living room for an open-concept feel.

Sounded easy enough, so I agreed.

The wall is now gone, which triggered the following;

- Since there is carpet in LR and lino in kitchen, we need new floors. New hardwood for the entire main floor.
- No wall = no place for the couch, unless we put it where the TV currently is.
- New flatscreen for above the fireplace (HD Box too).
- Must update the 70's fireplace.
- New built-in cabinets on either side of new fireplace.
- Continue hardwood down the stairs so we must update the front landing.
- Front landing will be new, should replace the entry door.
- Front entry door is new, we may as well replace the kitchen door as well.
- Scrape popcorn from ceiling.
- Replace florescent lighting with task lighting in kitchen.
- Big island in middle of kitchen but cabinetry won't match.
- New kitchen cabinets with granite counter tops but now everything is new - except the appliances.
- You guessed it - new appliances.

I am into this for about $16,000 so far but about $25 - $35K to go.

Pray for me. :sad:

toxic111 02-13-2010 12:53 AM

well if we want to go in what the totals are.. over $350, 000...most of my 'renos' were to a new house.... this year is finish the rest of the basement (bathroom & 2 bedrooms to finish) landscaping & the rest of the fence to go.

If we are going to be here for another couple years, change to hardwoon floors, quartz counter tops & redo the ensuite show to custom tiled/glass...

LOL that would be good for another $30,000

cuz 02-13-2010 03:20 AM

what is the maximum amount?

christyf5 02-13-2010 03:24 AM

we're in for $10K+ new kitchen incl a sweet new fridge and dishwasher

I think just over 9K is the max

Funky_Fish14 02-13-2010 04:26 AM

I just heard $10 000 is the max you can claim, to which you will receive up to a maximum of $1350 credit to your taxes.

outacontrol 02-13-2010 04:52 AM

yes $10,000 is the max but the first $1000 is not worth any credit
So (10,000 - 1000 = 9000) then (9000 x 15% = 1350 in credits)
has anybody filled for it yet?

Ian 02-13-2010 06:48 AM

Lets see new flooring in 3 bedrooms and hallways, new trim for entire area as well new counter tops in kitchen, two ren'd bathrooms, rebuilt deck, oh and A FOR SALE SIGN ON THE FRONT LAWN in 2 weeks:twised:. glutton for punishment i believe is the title I deserve .

balistidae 02-22-2010 10:01 PM

We had to pay a $17000 "special assesment" on our townhouse last year. Does anybody know if I can claim this for the home reno tax credit? Thanks!

blacknife 02-23-2010 01:10 AM

should have maxed them out but did not have the money too..


stuipid being laid off all summer


All times are GMT. The time now is 12:54 AM.

Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.