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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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Tragic Plane Crash in South Korea Claims 179 Lives

In a devastating incident, a Jeju Air flight from Bangkok, Thailand, crash-landed at Muan International Airport in South Korea, resulting in the deaths of 179 people. The Boeing 737-800, carrying 175 passengers and six crew members, skidded off the runway and burst into flames after colliding with a wall.

The crash occurred shortly after 9 a.m. local time, with initial reports suggesting that a bird strike and adverse weather conditions may have contributed to the accident. The tail section of the plane remained somewhat intact, allowing rescuers to pull two crew members from the wreckage, who are now being treated for injuries.

This tragic event marks the deadliest air accident in South Korea's history and has left the nation in mourning. Authorities are conducting a thorough investigation to determine the exact cause of the crash.

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