I just shudder to think about all my trips to Home Depot over the last 20 years of owning a home.
I never did those when I was renting. Yes, I didn't get to renovate or pick my paint colours. And yes my money paid down someone else's mortgage. But I suspect if you add it all up...
which is a bit of a non-sequitur - who cares what your rent is paying towards? The landlord could be smoking weed with your rent money and you'd not be affected (financially).
You should add it all up. Some of the things you purchased at Home Depot can be counted in the cost basis of the home and reduce your capital gains tax if you later sell it.
Really? Really? So if you bought a shack in Vancouver twenty years ago for a song and now it's worth the entire symphony orchestra you can sell it with no taxes?
No wonder prices up there have gone bonkers even by US standards.
Yeah 0. None other than land transfer tax which is very little. And if anybody suggested putting in a sane G7 standard tax policy around this, the baby boomers would come rip their head off and parade it around on a pitchfork.
