How do I incorporate renovations into the budget?

I'm looking for some information on how one can go about purchasing a rental home in Canada under a corporation (for liability purposes) while obtaining a conventional mortgage.I guess we should go back to the basics: Does it make sense to incorporate in Canada for holding rentals?

@Jeff O'Neal and Steve R.Holding expenses like you mentioned for your specific property should be incorporated into your basis and be part of the "inventory" you're holding.  

If got all the capital expenditures, maintained, vacancy, and property mgmt incorporated into my NOI.

Plus, with typed letters, it looks better to have a logo or photo included, thus incorporating your professional title in a more functional and aesthetically pleasing manor.

I worked in corporate sales, mainly advertising and consumer marketing sales.  

I want to do this by early next year.Issue I've had is that my business was incorporated in 05-2015, and I've talked to bank and loan officers which have all said they would need the business to be established for a minimum of 2 years.

@Brian Rank,  There are a couple of ways to incorporate a 1031 into this scenario.

I told him he should incorporate a few C properties for diversity and because the risk of them is not that great, but he doesn't agree yet, and maybe it's not for him.

You can still operate as a sole proprietor until you're ready to incorporate.