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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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tips for budget travel

Traveling on a budget doesn’t mean compromising on experiences. Here are 20 practical tips to help you make the most of your travel dollars:

  1. Use Membership Codes for Car Rentals: If you’re a member of AAA, AARP, Costco, or have a car rental discount code from your workplace, take advantage of these discounts. You might be eligible for savings you didn’t even know about.

  2. Check Credit Card Merchant Offers: Review your credit cards’ special merchant offers. American Express, for instance, provides discounts on dining, gas, and entertainment. Activate these offers before making purchases.

  3. Take Advantage of Free Days at National Parks: The U.S. National Park Service designates several days when entry is completely free. Mark your calendar for days like Martin Luther King Jr. Day, National Park Week, National Public Lands Day, and Veterans Day.

  4. Travel with a Tent and Stay in Campgrounds: Camping can significantly reduce accommodation costs. Plus, it’s an adventure in itself.

  5. Exchange Most of Your Money at Your Destination: Avoid exchanging all your currency before leaving. Exchange rates may be better locally.

  6. Set a Budget: Determine how much you can afford to spend on your trip. Stick to it to avoid overspending.

  7. Choose Affordable Destinations: Look for nearby destinations or places where your currency goes further. You don’t always need to venture far for an exciting experience.

  8. Cook Your Own Meals: If you have access to a kitchen, prepare your own meals. Eating out can add up quickly.

  9. Use Public Transportation: Buses, trains, and subways are often cheaper than taxis or rental cars. Plus, you’ll get a local experience.

  10. Book Flights in Advance: Airfare tends to be cheaper when booked well ahead of time. Be flexible with travel dates if possible.

  11. Travel During Off-Peak Seasons: Avoid peak tourist seasons when prices soar. Shoulder seasons often offer better deals.

  12. Look for Deals on Accommodations: Use booking websites, compare prices, and consider staying in guesthouses or budget hotels.

  13. Pack Light: Avoid checked baggage fees by packing only what you truly need. Stick to carry-on luggage.

  14. Explore Free and Low-Cost Activities: Research free walking tours, local festivals, and museums with discounted admission. Enjoy the culture without breaking the bank.

  15. Use Travel Apps: Apps like Skyscanner, Hostelworld, and Google Maps can help you find affordable flights, accommodations, and activities.

  16. Avoid Tourist Traps: Skip overpriced restaurants and souvenir shops near major attractions. Venture a bit farther for better prices.

  17. Stay Hydrated and Carry Snacks: Buying water and snacks at tourist spots can be expensive. Bring a reusable water bottle and some snacks to keep costs down.

  18. Learn Basic Phrases: Knowing a few local phrases can help you communicate and negotiate better. Locals appreciate the effort.

  19. Use Student or Youth Discounts: If you’re a student or under 26, take advantage of discounts on transportation, attractions, and accommodations.

  20. Be Flexible and Open-Minded: Sometimes the best experiences come from unexpected detours. Be open to last-minute changes and spontaneous adventures.

Remember, budget travel doesn’t mean sacrificing quality—it’s about making smart choices to maximize your travel experience! 

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