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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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Loonie gains as oil prices climb and Fed rate hike seen unlikely

The Canadian dollar edged higher against its U.S. counterpart on Monday as oil prices rose and investors bet that the Federal Reserve would not raise interest rates at a meeting this week.

The loonie was trading 0.2% higher at 1.3565 to the greenback, or 73.74 U.S. cents, after moving in a range of 1.3548 to 1.3590. Last week, the currency touched its weakest in nearly five weeks at 1.3599.

Oil prices climbed on Monday, supported by expectations of tighter supply and signs of economic recovery. Canada is a major exporter of crude oil, so the loonie tends to benefit from higher oil prices.

Investors were also looking ahead to the Fed’s policy decision on Wednesday, which is widely expected to deliver a rate hike of 50 basis points, the first since 2018. However, some analysts said the Fed could signal a pause in its tightening cycle amid signs of slowing growth and inflation in the U.S.

“The market is pricing in a very dovish Fed, which is supportive for the Canadian dollar,” said Bipan Rai, North American head of FX strategy at CIBC Capital Markets. “The Fed is likely to acknowledge the downside risks to the outlook and may hint at a slower pace of rate hikes next year.”

Rai said he expected the loonie to strengthen to 1.33 per U.S. dollar by the end of the year, as the Bank of Canada (BoC) maintains its hawkish stance. The BoC has raised its benchmark rate four times this year to 4.25%, the highest in nearly 15 years, and has said it will study the most recent economic data to gauge whether to hike further.

The Canadian dollar was also supported by domestic data that showed the value of building permits rose by 2.5% in October, beating market expectations of a 0.5% decline.

Canadian government bond yields rose across the curve, tracking the move in U.S. Treasuries. The 10-year was up 3.4 basis points at 2.916%.

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