PCPartPicker part list:
http://ca.pcpartpicker.com/p/GvPJGX
Price breakdown by merchant: http://ca.pcpartpicker.com/p/GvPJGX/by_merchant/
CPU: Intel Core i7-4790 3.6GHz Quad-Core Processor ($333.32 @ TigerDirect Canada)
Motherboard: ASRock H97 Anniversary ATX LGA1150 Motherboard ($97.95 @ Vuugo)
Memory: Crucial Ballistix Sport 8GB (2 x 4GB) DDR3-1600 Memory ($62.99 @ Amazon Canada)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($57.98 @ DirectCanada)
Video Card: XFX Radeon R9 290 4GB Double Dissipation Video Card ($329.99 @ NCIX)
Case: Deepcool TESSERACT WH ATX Mid Tower Case ($49.98 @ Newegg Canada)
Power Supply: Antec Neo Eco 620W 80+ Bronze Certified ATX Power Supply ($87.50 @ Vuugo)
Optical Drive: Samsung SH-224DB/BEBE DVD/CD Writer ($18.68 @ DirectCanada)
Total: $1038.39
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2015-02-06 22:36 EST-0500
yes I'm $40 over, but my jesus you will get ridiculous performance for both gaming and rendering, the I7 will help MASSIVELY against a regular I5 in rendering times, and a 290 munches through games like there's no tomorrow.
If you want to go slightly further over budget you can get a gtx 970 for about $50 more,
However in the future, if you're rendering, streaming etc. then i would definitely recommend upgrading to 16GB of RAM just to allow you to do more at once, and add an SSD as a boot and load drive.
Happy Building.