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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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Teen Injured After Fall from Ride at Canada’s Wonderland

 

A 17-year-old girl was taken to the hospital after falling from a ride at Canada’s Wonderland in Vaughan, Ontario. The incident occurred on Thursday afternoon when the teenager was on the “Swing of the Century” ride. 

Eyewitness accounts suggest that the fall, which happened around 2:30 p.m., was the result of a medical episode. Operators of the ride reported a “guest injury,” and park medical staff and paramedics responded promptly. The safety of guests and associates remains a top priority as an incident investigation is underway.


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