Thank you guys for all the help, I really appreciate it. Here is what I came up with after a day of looking through random parts and articles:
Budget: ~$1000 CAD
Parts:
Case: Cooler Master 690 II Advanced
Newegg.ca - COOLER MASTER RC-692-KKN2 CM690 II Advanced Black Steel ATX Mid Tower Computer Case
CPU : AMD Phenom II X4 965BE
Newegg.ca - AMD Phenom II X4 965 Black Edition Deneb 3.4GHz 4 x 512KB L2 Cache 6MB L3 Cache Socket AM3 125W Quad-Core Processor
HeastSink : Corsair H50
Newegg.ca - CORSAIR Cooling Hydro Series CWCH50-1 120mm High Performance CPU Cooler (Still not sure about. Maybe the air Heastsink suggested above.)
Mobo: Gigabyte GA-890FXA
Newegg.ca - GIGABYTE GA-890FXA-UD5 AM3 AMD 890FX SATA 6Gb/s USB 3.0 ATX AMD Motherboard
RAM : Kingston HyperX 4GB KHX1600C8D3K2
Newegg.ca - Kingston HyperX 4GB (2 x 2GB) 240-Pin DDR3 SDRAM DDR3 1600 (PC3 12800) Desktop Memory Model KHX1600C8D3K2/4GX
PSU : Corsair CMPSU-750TX 750W (Non-Modular, $50 cheaper for better CPU heatsink?!?!)
Newegg.ca - CORSAIR CMPSU-750TX 750W ATX12V / EPS12V SLI Ready CrossFire Ready 80 PLUS Certified Active PFC Compatible with Core i7 Power Supply
So far this build costs about ~ $730 CAD + Taxes + S&H
I think the above parts I know for sure I will get (or at least pretty sure). The PSU and Heatsink I am still debating. I can go with the Non-Modular PSU (cheaper) so I can buy a better heatsink, but is the Corsair H50 better then the heatsink mentioned above? Now I need some help on hard drives and optical drives. What do I need to look for for a good drive? Are these good? Suggestions please.
DVD :
Newegg.ca - Sony Optiarc Black 24X DVD+R 8X DVD+RW 12X DVD+R DL 24X DVD-R 6X DVD-RW 12X DVD-RAM 16X DVD-ROM 48X CD-R 32X CD-RW 48X CD-ROM 2MB Cache SATA DVD/CD Rewritable Drive - CD / DVD Burners
HDD :
Newegg.ca - SAMSUNG Spinpoint F3 HD103SJ 1TB 7200 RPM 32MB Cache SATA 3.0Gb/s 3.5" Internal Hard Drive -Bare Drive
I am also looking for suggestions on a good brand of case fans, I want to add and/or switch the fans on the case. Any suggestions would be much appreciated.