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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. |
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: |
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 |
what is the maximum amount?
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we're in for $10K+ new kitchen incl a sweet new fridge and dishwasher
I think just over 9K is the max |
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.
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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? |
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 .
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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!
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should have maxed them out but did not have the money too..
stuipid being laid off all summer |
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