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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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Canada’s Job Market Slows Down in October



Canada's job market showed signs of slowing down in October, as the economy added fewer jobs than expected and the unemployment rate rose to its highest level in 21 months.

 According to a Reuters report, the Canadian economy added a net 17,500 jobs in October, which is lower than the consensus forecast of 22,500. The gains were mostly in part-time work, while full-time employment declined slightly. The construction sector and the information, culture and recreation sector were the main contributors to the job growth, while retail trade and manufacturing lost workers.

The jobless rate increased by 0.2 percentage points to 5.7%, the fourth monthly rise in the past six months. The increase was partly due to more people entering the labor force, which grew by 57,800 in October. The unemployment rate is now at the highest level since January 2022, when it was 6.5%. 





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