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How to Pay Less Tax in Ontario in 2026 — A Complete Guide for Canadians

             Published: April 2026 | Reading time: 10 min | Category: Tax Savings, Personal Finance If you live in Ontario, you already know the tax bite is real. Between federal and provincial income tax, you could be handing over 43% or more of every extra dollar you earn. The good news? The Canadian tax system is loaded with legal ways to keep more of your money — and most people aren't using all of them. This guide covers every major strategy available to Ontario residents in 2026, from basic deductions to advanced moves that most people miss. Whether you're employed, self-employed, or earning investment income, there's something here for you. Why Ontario Residents Pay More Tax Than Most Canadians Ontario's combined federal and provincial marginal tax rates are among the highest in Canada. Here's what you're actually paying depending on your income in 2026: Taxable Income Combined Federal + Ontario Rate Up to $51,446 ~20.0...
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The One: Toronto's troubled luxury condo project


The One, a luxury condo project in Toronto that was supposed to be the tallest residential building in Canada, has been put into receivership by a court order. The developer, Mizrahi Developments, has been struggling to secure financing for the project, which has faced multiple delays and cost overruns. 

The project was originally announced in 2015, with a planned completion date of 2020. It was supposed to have 416 units, ranging from $1 million to $28 million, and feature amenities such as a sky lobby, a spa, and a pool. However, the project encountered several challenges, such as rising construction costs, engineering issues, and legal disputes. The court-appointed receiver, Alvarez & Marsal Canada Inc., will take over the management and completion of the project, which is only 64% done. The receiver will also try to find new investors or buyers for the project, which has an estimated value of $1.4 billion. 

The fate of the buyers who have already invested in the project is uncertain, as they may face losses or lawsuits. Some buyers have already filed a class-action lawsuit against the developer, claiming breach of contract and misrepresentation. 

The One is not the only luxury condo project in Toronto that has run into trouble, as the city's real estate market has been hit by the pandemic and oversupply. Several other projects have been cancelled, delayed, or downsized, leaving buyers frustrated and disappointed.

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