Skip to main content

Featured

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...
Post a Comment
Read more

article

Canada Strengthens Border Security: Appoints Fentanyl Czar and Pledges $1.3B Investment in Exchange for 30-Day Tariff Pause

 

In a bid to defuse escalating trade tensions, Canadian Prime Minister Justin Trudeau announced a series of robust border security measures after a productive phone call with U.S. President Donald Trump. As part of a deal that has paused the imposition of 25% tariffs for 30 days, Trudeau revealed plans to invest C$1.3 billion in enhancing border defenses. This multifaceted plan includes the appointment of a “fentanyl czar” to spearhead the fight against drug smuggling, the listing of cartels as terrorist organizations, and the launch of a Canada–U.S. Joint Strike Force to combat organized crime and money laundering.

Trudeau’s commitment also extends to deploying nearly 10,000 frontline personnel to monitor and secure the northern border. The temporary reprieve, secured through a series of high-level negotiations, is intended to provide both nations with additional time to negotiate a longer-term economic deal. This move comes amid a broader U.S. strategy to curb illegal immigration and the flow of deadly opioids like fentanyl, measures that have sparked a mix of relief and strategic recalibrations on both sides of the border.

The decision to delay tariffs for a month reflects the complex balance between national security concerns and the economic interdependence that defines the U.S.-Canada relationship. While the pause gives Canadian industries crucial time to adjust, Trudeau’s sweeping security initiatives underscore Canada’s determination to protect its borders and its economy against the backdrop of an increasingly turbulent international trade environment.


Comments

Post a Comment