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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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The End of an Era: Hudson’s Bay Co. Faces Liquidation

Hudson’s Bay Company, a cornerstone of Canadian retail history, is on the brink of closure after 355 years of operation. The company, which began as a fur trading enterprise in 1670, evolved into a retail giant with department stores across Canada. However, financial struggles, including nearly $1 billion in debt, have forced the company to file for creditor protection under the Companies' Creditors Arrangement Act (CCAA).

Despite efforts to restructure and secure financing, Hudson’s Bay announced plans for a full liquidation of its business. This process, expected to conclude by June 2025, will result in the closure of all 88 Hudson’s Bay stores, along with its Saks Fifth Avenue and Saks Off 5th locations in Canada. The liquidation marks a significant loss for the Canadian retail landscape, impacting over 9,000 employees and leaving major shopping malls with vacant anchor spaces.

The company cited subdued consumer spending, post-pandemic shifts in shopping habits, and trade tensions as contributing factors to its financial decline. While Hudson’s Bay’s legacy as Canada’s oldest company will endure, its closure signals the end of an era for traditional department stores in the country.

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