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Rental Property Expenses Canadians Forget to Claim (2026 Guide)

  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 cos...
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Trudeau Announces High-Speed Rail Line Between Quebec City and Toronto

 

In a landmark announcement, Prime Minister Justin Trudeau revealed plans for a high-speed rail line connecting Quebec City and Toronto. The project, which is set to be the largest infrastructure undertaking in Canadian history, aims to revolutionize travel between these major cities.

The selected consortium, Cadence, will co-design, build, finance, operate, and maintain the high-speed rail line. The train is expected to travel at speeds of up to 300 kilometers per hour, significantly reducing travel time between Montreal and Toronto to just three hours.

The rail line will feature stops in key cities including Trois-Rivières, Laval, Ottawa, and Peterborough, enhancing connectivity across the region. The project is anticipated to boost economic growth, create thousands of jobs, and reduce emissions

The design phase is expected to take four to five years, with construction commencing thereafter. While the project has garnered significant support, its future will depend on continued funding and political backing.

This high-speed rail line promises to be a game-changer for Canadians, offering a faster, more efficient, and environmentally friendly mode of transportation.

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