Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Southern Europe Battles Intense Heat Wave: Acropolis Closed, Firefighters Perish in Italy

 

A severe heat wave sweeping across southern Europe has led to significant disruptions and tragic losses. In Greece, authorities were compelled to close the Acropolis, the nation’s most iconic cultural site, for several hours on Wednesday due to soaring temperatures. Tourists visiting the Parthenon temple atop the Acropolis faced extreme heat, with temperatures forecasted to reach up to 42°C (107°F) in some areas.

Meanwhile, in Italy, the heat wave has had deadly consequences. Two firefighters tragically lost their lives while combating a fire in the Basilicata region. The Italian government has issued severe heat warnings for multiple cities, including Palermo and Sicily, urging residents, especially the elderly, to stay indoors.

The heat wave, driven by hot air masses from Africa, is expected to persist through the weekend, with temperatures potentially peaking at 43°C (109°F). Other countries in the region, such as Albania and North Macedonia, are also grappling with wildfires and extreme heat, prompting emergency responses and international assistance.

As southern Europe continues to endure these extreme conditions, authorities are taking measures to protect both residents and tourists from the relentless heat.



Labels:

Comments

Post a Comment