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Melania Trump Showcases Elegant 2025 White House Holiday Décor

  Melania Trump has unveiled the 2025 White House holiday decorations, continuing her tradition of bringing a refined and artistic touch to the season. This year’s theme emphasizes unity and timeless elegance, with rooms adorned in shimmering golds, deep reds, and sparkling white lights. The East Wing features towering Christmas trees decorated with handcrafted ornaments symbolizing American heritage, while the Grand Foyer is lined with garlands and wreaths that highlight the craftsmanship of artisans from across the country. The State Dining Room showcases a centerpiece inspired by winter wonderlands, complete with crystal accents and cascading lights. Melania Trump emphasized that the decorations are meant to celebrate the spirit of togetherness and gratitude, inviting visitors to experience the warmth of the season. The annual reveal has become a highly anticipated tradition, blending festive cheer with a showcase of artistry and cultural pride. This year’s design reflects b...
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Can You Write Off Home Renovations in Canada?


When it comes to home renovations in Canada, the tax landscape can be a bit narrow for existing homeowners. However, there are still some key considerations to keep in mind:

  1. Principal Residence Exemption: This is the big one. When you sell your primary home, the principal residence exemption allows you to avoid capital gains tax. But beware! As of January 1, 2023, the Canada Revenue Agency (CRA) tightened the rules. Housing units sold after less than a year of ownership are now excluded, with certain exceptions like death and disability. So, watch out for those anti-flipping rules!

  2. Profit Shielding: Unlike the United States, Canada doesn’t cap the amount of profit shielded from taxes. Existing homeowners rely on their homes as a store of value for retirement, and any significant shift in tax policy would be a political nightmare.

  3. First Home Savings Account (FHSA): If you’re a future buyer, the FHSA is your friend. It’s like a slam dunk for first-time homebuyers. Contributions are tax-free on the way in (similar to an RRSP) and tax-free on the way out (like a TFSA). You can contribute up to $8,000 annually, up to $40,000 over a lifetime. Just remember, unused contribution room doesn’t carry forward indefinitely.

  4. Renovation Benefits: Unfortunately, for current homeowners thinking about renovating, the federal tax benefit buffet is pretty sparse. But don’t lose hope—there are other avenues to explore, such as provincial home renovation tax credits and specific programs.

In summary, while the tax breaks for home renovations may not be as generous as we’d like, strategic planning and understanding the rules can still make a difference. Whether you’re sprucing up your kitchen or adding that dream deck, keep these factors in mind as you navigate the world of home improvements.

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