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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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Important Travel Warnings for Tourists Heading to Spain This Summer

 

As the summer holidays approach, many tourists are eagerly planning their trips to Spain. However, recent updates from the Foreign Office have highlighted several important travel warnings that visitors should be aware of to ensure a safe and enjoyable vacation.

1. Unaccompanied Minors: Spanish law considers anyone under the age of 17 to be a minor. This means that minors must be accompanied by an adult when traveling. If an unaccompanied minor comes to the attention of Spanish authorities, they may be taken to a minor’s center until a parent or guardian is found.

2. Passport Requirements: Spain adheres to Schengen zone standards, which means your passport must have a ‘date of issue’ less than 10 years before the date of arrival and an expiry date of at least three months after the day you plan to leave. Ensure your passport meets these criteria to avoid any travel disruptions.

3. Terrorism and Safety: The Foreign Office has issued warnings about the potential for terrorist attacks in Spain. Tourists are advised to stay aware of their surroundings, keep up to date with local media reports, and follow the advice of local authorities.

4. Street Crime: Tourists should be cautious of street crime, including theft and scams. Thieves often use distraction techniques and work in teams. Keep your valuables secure, and be wary of anyone asking to see your wallet or personal belongings.

5. Alcohol and Public Behavior: There are strict rules around drinking in public and engaging in sexual activity in public areas. Local councils have limited the sale and access to alcohol in certain resort areas, including Magaluf, Playa de Palma, and San Antonio.

By staying informed and taking necessary precautions, tourists can enjoy their summer holidays in Spain while staying safe and adhering to local laws and regulations.


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