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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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Hurricane Beryl Makes Landfall in Yucatan Peninsula, Mexico

 

Early Friday morning, Hurricane Beryl struck Mexico’s Yucatan Peninsula, making landfall near the popular tourist area of Tulum. The storm, which had weakened to a Category 2, carried maximum sustained winds of 110 mph. 

As it barreled toward Tulum, “life-threatening” conditions—including hurricane-force winds, a dangerous storm surge, and heavy rainfall—were expected to impact Mexico’s top tourist destination. Residents in the area were advised to shelter in place, and rip currents were also a concern along the Gulf Coast. The storm is now expected to move over southern Texas this weekend, prompting preparations in the region.

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