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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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Ontario Braces for Freezing Rain: Power Outages and Travel Disruptions Expected

A freezing rain warning has been issued for much of Ontario, including Toronto, as a potent storm is set to hit the region this weekend. Environment Canada predicts the storm will bring varying precipitation, including rain, snow, and freezing rain, depending on temperatures. Ice accumulation of up to 10 millimeters is expected in Toronto, while areas like Parry Sound and Kingston could see upwards of 25 millimeters.

The freezing rain is anticipated to begin Friday evening and persist through Sunday morning. Higher terrain areas may experience prolonged freezing rain due to cooler temperatures. The storm poses risks such as power outages, slippery roads, and broken tree branches. Residents are advised to prepare for potential disruptions and avoid non-essential travel.



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