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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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Ontario Liberal MPs Urge Trudeau to Resign Amidst Internal Turmoil

In a recent virtual meeting, over 50 Ontario Liberal MPs reached a consensus that Prime Minister Justin Trudeau should step down as party leader. This decision comes in the wake of Chrystia Freeland's dramatic resignation from her cabinet positions, which has intensified calls for Trudeau's departure.

Freeland's resignation letter, posted on social media, highlighted her disagreements with Trudeau and warned against "costly political gimmicks" that could harm the country. Her departure has prompted several Liberal MPs to publicly support her potential leadership bid.

As the Ontario Liberal caucus chair, Michael Coteau, was tasked with communicating the MPs' decision to Trudeau, the prime minister is now believed to be reflecting on his political future. The situation remains fluid, with MPs expressing varying opinions on how long Trudeau should be given to consider his next steps.

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