Renovations

Investing

Canadian Financial Summit 2023: MoneySense sessions and free tickets

Canadian Financial Summit 2023: MoneySense sessions and free tickets
A technician works on a heat pump attached to a house

Renovations

Heat pump vs. furnace—which is the better option in Canada?

If your furnace or central AC needs replacing, consider installing a heat pump. Here’s how to choose your system...

Heat pump vs. furnace—which is the better option in Canada?
Two electricians are looking at wiring inside an exposed wall, discussing if the renovation and upgrades are tax deductible

Ask a Planner

Are home renovations tax deductible in Canada?

Doing home renovations? Find out if there are any tax incentives that Canadians are able to claim.

Are home renovations tax deductible in Canada?
A grandmother, mother and young girl bake cookies together

Renovations

Multigenerational Home Renovation Tax Credit: What is it and do you qualify?

New for the 2023 tax year, you might be able to claim the Multigenerational Home Renovation Tax Credit for...

Multigenerational Home Renovation Tax Credit: What is it and do you qualify?

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A man in a hard hat holds a solar panel

Renovations

How much are solar panels in Canada?

Many eco-minded home owners want to harness the power of the sun. We’ll help you weigh the costs and...

How much are solar panels in Canada?

Ask a Planner

What expenses can you deduct when renovating a rental property?

The purpose of the renovations, as well as the occupancy of the building, can influence whether the expenses are...

What expenses can you deduct when renovating a rental property?
A newly renovated basement that remains empty, except for an office chair and computer monitor

Real Estate

How to know if a secondary suite or basement apartment is legal—and a worthwhile investment

The potential to earn rental income sounds great, but unauthorized second units come with financial and other risks.

How to know if a secondary suite or basement apartment is legal—and a worthwhile investment
Lights glow in front a modern two-storey home at dusk

Real Estate

Mortgage rules when buying a second property in Canada: What you need to know

Interested in buying a second property? Familiarize yourself with the mortgage rules first to make sure it’s the right...

Mortgage rules when buying a second property in Canada: What you need to know

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A woman wearing a blazer reviews papework related to the expenses of her second property

Qualified Advice

What expenses can you deduct for a second property in Canada?

Purchasing a second piece of real estate has its costs, but what expenses can be deducted and claimed for...

What expenses can you deduct for a second property in Canada?

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