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Rental Property Expenses Canadians Forget to Claim (2026 Guide)

  Published: April 2026 | Reading time: 9 min | Category: Real Estate, Tax Savings, Personal Finance Owning a rental property in Canada comes with a surprisingly generous set of tax deductions — but most landlords only claim the obvious ones. Mortgage interest, property taxes, insurance. Done. What they miss is often worth thousands of dollars in additional deductions every single year. If you own a rental property in Ontario (or anywhere in Canada), this guide walks through every legitimate expense category the CRA allows — including the ones your accountant may not have mentioned. Why This Matters More Than You Think Rental income in Canada is taxed as regular income — meaning at your full marginal rate. At Ontario's combined federal and provincial rates, landlords earning $100,000–$150,000 total income are paying 43% on every dollar of net rental profit. Every $1,000 in legitimate deductions you miss costs you approximately $430 in real taxes . A landlord who forget...
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The Rising Cost of Back-to-School Shopping: Navigating Financial Pressures






As summer draws to a close, the anticipation of a new school year fills the air for students and parents alike. However, alongside the excitement comes a growing concern – the escalating cost of back-to-school shopping. The annual ritual of purchasing school supplies, clothing, and other essentials has become a financial challenge for many families, requiring careful planning and budgeting.


Back-to-school shopping, once a simple task of picking up a few notebooks and pencils, has evolved into a substantial financial undertaking. The National Retail Federation reports that families are now spending a considerable amount on school-related expenses, with costs averaging hundreds of dollars per child. The list of required items seems to lengthen each year, encompassing not only traditional supplies but also digital devices, backpacks, and even specific brands or styles that are in vogue.


For lower-income families, the burden can be especially heavy. The pressure to provide the necessary items for a successful school year can lead to financial strain and difficult choices. Parents may find themselves cutting back on other essentials or foregoing extracurricular activities to accommodate the costs of back-to-school shopping. This situation highlights the importance of finding ways to alleviate the financial burden, such as seeking out sales, utilizing second-hand options, and taking advantage of community resources that provide assistance to families in need.


As the back-to-school shopping season approaches, it's crucial to approach this endeavor with a strategic mindset. Creating a budget and sticking to it can help mitigate excessive spending. Additionally, exploring alternatives like purchasing gently used items or organizing swaps with other parents can make a significant difference. By acknowledging the financial pressures associated with back-to-school shopping and proactively seeking solutions, families can ensure that their children start the academic year on a positive note without being overwhelmed by the monetary aspect of the transition.

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