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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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"How to Conquer All Things with Energy and Persistence" by Benjamin Franklin


This is a great quote by Benjamin Franklin, one of the founding fathers of the United States and a renowned polymath. He was a scientist, inventor, diplomat, writer, and statesman who embodied the spirit of energy and persistence. He made many discoveries and inventions, such as the lightning rod, bifocals, and the Franklin stove. He also helped draft the Declaration of Independence and the Constitution, and negotiated the Treaty of Paris that ended the American Revolution.

This quote reminds us that nothing is impossible if we have the will and the determination to pursue our goals. It also encourages us to overcome obstacles and challenges with courage and resilience. Energy and persistence are essential qualities for success in any field or endeavor.



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