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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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Marble Cake

Ingredients:

  • 2 cups all-purpose flour
  • 2 tsp baking powder
  • 1/4 tsp salt
  • 1/2 cup unsalted butter (softened)
  • 1 cup granulated sugar
  • 2 large eggs
  • 1 tsp vanilla extract
  • 1 cup milk
  • 2 tbsp unsweetened cocoa powder
  • 2 tbsp boiling water


Instructions:

1. Preheat your oven to 350°F (175°C). Grease and flour a 9-inch loaf pan.

2. In a medium bowl whisk together flour, baking powder, and salt. Set aside.

3. In a large bowl cream the butter and sugar until light and fluffy. Add the eggs one at a time, beating well after each addition. Stir in the vanilla extract.

4. Gradually add the flour mixture to the butter mixture alternately with the milk, beginning and ending with the flour mixture. Mix until just combined.

5. Divide the batter into two bowls. In a small bowl, mix the cocoa powder and boiling water until smooth, then add to one of the bowls of batter and mix until well combined.

6. Spoon the batters alternately into the prepared loaf pan. Use a knife or skewer to swirl the batters together to create a marbled effect.

7. Bake for 50-60 minutes, or until a toothpick inserted into the center comes out clean.

8. Let the cake cool in the pan for about 10 minutes, then turn it out onto a wire rack to cool completely.


Enjoy your homemade marble cake! 

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