Are you only going to do the reno if it is claimable? I would be careful about doing any home renos with the expectation to have it claimable. I think this is an area that is greatly misunderstood by many and I can't help but feel that even different tax accountants might do things differently. If you plan to do the reno anyways I would do it and just consider it a bonus come tax time if you successfully can claim it.
I recall a tax course I took for home daycare noted that having new carpet installed was not claimable (like Suzie said, something about it improving the house) BUT if you buy a rug the exact size of the room and just lay it down (don't 'install' it) then it is claimable.
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