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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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Liberals to Announce New Leader on March 9

 


The Liberal Party of Canada is set to announce its new leader on March 9, 2025. This announcement follows Prime Minister Justin Trudeau's decision to step down as the party leader and prime minister. The party's national board of directors has established the rules for the leadership contest, including a $350,000 entry fee for candidates.

Several prominent figures have expressed interest in running for the leadership position, including Ontario MP Chandra Arya and former Montreal MP Frank Baylis. Other potential candidates include former finance minister Chrystia Freeland, former B.C. premier Christy Clark, and several current cabinet ministers.

The new leader will guide the Liberal Party into the next federal election and will become the prime minister as long as the party remains in power. The leadership race is expected to be a significant event in Canadian politics, with many eyes on the potential candidates and their platforms.


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