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Neemo

 Rep: 485 

Re: doing any renovations?

Neemo wrote:

i'm gonna be taking up some laminate flooring in my kitchen and be putting down this porcelain tile

Axlin16

 Rep: 768 

Re: doing any renovations?

Axlin16 wrote:

Oooh, that's nice. I need to probably break out a paint brush, and freshen some things up around my place.

Backslash

 Rep: 80 

Re: doing any renovations?

Backslash wrote:

I love that the government is going to give us a tax break for renovations done during 2009.  Time to fix up the rental property.

Neemo

 Rep: 485 

Re: doing any renovations?

Neemo wrote:

yea but its a bit of a scam...isnt it like 10% rebate on minimum $2000? you really gonna put $2000 into a place you are renting to save $200 at tax time?

I'd like to put a shitload of work into my place but i dunno if its in tha cards at  the moment...i'm just plugging away...if i hit $2000 i'll be lucky

BLS-Pride

 Rep: 212 

Re: doing any renovations?

BLS-Pride wrote:

I just painted and did some sheet rocking from the time I threw he head into my wall while drunk.

Backslash

 Rep: 80 

Re: doing any renovations?

Backslash wrote:

yea but its a bit of a scam...isnt it like 10% rebate on minimum $2000? you really gonna put $2000 into a place you are renting to save $200 at tax time?

I'd like to put a shitload of work into my place but i dunno if its in tha cards at  the moment...i'm just plugging away...if i hit $2000 i'll be lucky

We need to renovate the unit anyway, we're converting a garage into a two bedroom apartment.  Hoping to have tenants in there in a few months.  Key is to make it look like they do work on my own place (otherwise we don't get the credit).

You get 15% credit on anything from $1000 up to $10,000.  It's probably going to be the only year they'll do it, so if you need to do any repairs or anything, now's the time.