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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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Trump Proposes 25% Tariffs on Autos, Pharmaceuticals, and Semiconductor Chips

 

In a move that could significantly impact international trade, former President Donald Trump has announced plans to impose 25% tariffs on automobile, pharmaceutical, and semiconductor chip imports. The announcement was made during a press briefing at his Mar-a-Lago estate in Florida, where he outlined his intentions to reshape global trade policies.

Trump stated that the tariffs on auto imports would be "in the neighborhood of 25 percent" and are set to be implemented as early as April 2. This date coincides with the day his cabinet members are expected to deliver reports outlining options for various import duties. The proposed tariffs aim to address what Trump perceives as unfair treatment of U.S. automotive exports in foreign markets.

In addition to automobiles, Trump plans to impose similar tariffs on imported semiconductors and pharmaceutical goods. He mentioned that the government could collect 25% or higher in taxes for these imports, with the rates potentially increasing over the course of a year. Trump emphasized that he wants to give companies in these industries some time to build factories in the U.S. to avoid the new tariffs.

The proposed tariffs have raised concerns among economists and industry experts, who warn that they could lead to higher prices for consumers and increased costs for businesses. The automotive industry, in particular, could see significant price hikes, as nearly half of vehicle sales in the U.S. last year were imported from foreign countries.

Trump's announcement is part of a broader effort to promote "balanced" trade with foreign markets and encourage the reshoring of strategic industries. While the proposed tariffs could have far-reaching effects, Trump believes they will ultimately benefit the U.S. economy in the long run.


: [Yahoo News](https://ca.news.yahoo.com/trump-plans-to-impose-25-percent-tariffs-on-automobile-and-semiconductor-imports-130044480.html)

: [CBC News](https://www.cbc.ca/news/canada/windsor/trump-tariffs-pharma-chips-auto-25-percent-1.7462509)

: [MSN](https://www.msn.com/en-us/money/markets/trump-plans-to-impose-25-tariffs-on-autos-chips-and-pharmaceuticals/ar-AA1zkWCA)

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