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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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Baltimore’s Key Bridge Collapses After Ship Collision: Emergency Response Underway

In a shocking turn of events, the Francis Scott Key Bridge in Baltimore, a critical span for East Coast shipping, collapsed early Tuesday morning. The disaster occurred after a large cargo ship struck the bridge, causing it to crumble into the Patapsco River. The impact sent several vehicles plunging into the water.

Around 1:30 a.m., a vessel departing from the Port of Baltimore collided with the Key Bridge, triggering its collapse. Contractors from the Maryland Transportation Authority were working on the bridge at the time. Two individuals were rescued from the water—one unharmed and the other in “very serious condition.” However, at least seven people are still believed to be in the water, though it remains unclear whether this count includes the two already rescued.

Local, state, and federal agencies are coordinating an extensive search effort. Divers, helicopters, and sonar technology are being deployed to locate submerged vehicles in the 50-foot-deep river. The ship involved in the collision must be assessed for damage before rescuers can board it.

Maryland Transportation Secretary Paul Wiedefeld emphasized that there is no evidence suggesting intentional wrongdoing or terrorism. The investigation remains open, but authorities have not found any indications pointing in that direction.

Maryland Governor Wes Moore declared a state of emergency and is collaborating with federal resources from the Biden Administration to address the crisis swiftly.

As rescue efforts continue, Baltimore grapples with the aftermath of this devastating bridge collapse. Our thoughts are with the affected families and the brave responders working tirelessly to save lives.


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