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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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Explosions Ahead: Yemen’s Houthi Rebels Target Singapore-Flagged Ship in Gulf of Aden

 

On Friday, an audacious attack by Yemen’s Houthi rebels sent shockwaves through the Gulf of Aden. Explosions erupted ahead of a Singapore-flagged vessel, the bulk carrier Propel Fortune, as it plied its course. The incident unfolded against the backdrop of escalating tensions in the region.

The Propel Fortune, flying the Singaporean flag, bore the brunt of the assault. Yet, remarkably, it persevered, continuing its voyage undeterred. The United States military’s Central Command confirmed that the missiles did not strike the vessel, and no injuries or damages were reported. The ship’s resilience stands as a testament to maritime security protocols and the crew’s vigilance.

The Houthi rebels, backed by Iran, have been relentless in their campaign of aggression. Their actions are often linked to Israel’s ongoing conflict with Hamas in the Gaza Strip. While the Houthis claim their attacks aim to pressure Israel into ending the war, recent incidents reveal a broader scope. The Propel Fortune incident follows a fatal strike on a commercial ship earlier in the week, where three crew members lost their lives. These assaults, however, increasingly target vessels unrelated to the conflict, raising questions about the rebels’ true intentions.

In February, the Houthis targeted a fertilizer-carrying cargo ship, the Rubymar, which eventually sank after drifting for days. Additionally, they downed an American drone worth tens of millions of dollars. The U.S. responded with airstrikes, destroying two Houthi truck-mounted anti-ship missiles in Yemen. The rebels, though silent on the destruction, continue their provocations.

The Houthi rebels have held Yemen’s capital, Sanaa, since 2014, while battling a Saudi-led coalition in a protracted war. The U.S. airstrike campaign has taken its toll, with at least 22 Houthi fighters killed. Tragically, one civilian has also lost their life.

As the Gulf of Aden remains a theater of tension, the international community watches closely. The Propel Fortune incident serves as a stark reminder of the fragile balance in these troubled waters.


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