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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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Your daily horoscope: March 8, 2025

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Creative activities are under wonderful stars on your birthday, so make this the year when you break free of restrictions and establish yourself as a serious artist. The potential has always been there but now at last it can be unleashed.

ARIES (March 21 - April 20):

Do something different this weekend, something that takes you away from everyday worries and woes and reminds you how much fun life can be. Don’t worry if some people say you are avoiding the truth. Maybe you are, but what of it?

TAURUS (April 21 - May 21):

Jupiter in the financial area of your chart means there is a major luck factor working in your favuor at the moment but that is not an excuse to take risks that are unlikely to pay off. Make sure you keep plenty of cash in reserve.

GEMINI (May 22 - June 21):

A powerful sun-Mars link makes this a good time to start something new, especially if it is connected to your career in some way. Don’t worry if you have to spend a lot of money to get it off the ground, because it will be worth it.

CANCER (June 22 - July 23):

Move fast and break things may not be the philosophy of life you feel most at home with but with Mars in your sign you will be inclined to be bolder than usual. A positive outlook will take you a very long way this weekend.

LEO (July 24 - Aug. 23):

Get out into the world and interact with a wide range of people. You may be surprised to discover just how many of them share your aims and your outlook on life, and if you get together this weekend you can create something of lasting value.

VIRGO (Aug. 24 - Sept. 23):

It may be true that the higher you climb the further there is to fall but you are in no mood to limit yourself to the foothills of life. Your ambitions are such that taking chances is not an option but a necessity, so get climbing now!

LIBRA (Sept. 24 - Oct. 23):

All things to do with your career are under excellent stars this weekend, so make sure employers and senior colleagues know who you are and what you can do. If you show you can be an asset to them they will reward you generously.

SCORPIO (Oct. 24 - Nov. 22):

Not everyone will appreciate your brutal honesty this weekend but those who can stomach it will benefit from your insights into what has been going wrong and what must be done to put it right. You have no time for people who are mentally weak.

SAGITTARIUS (Nov. 23 - Dec. 21):

What a friend or loved one suggests you do this weekend may sound like fun but if you look at their proposal carefully it will become apparent that there are dangers involved. It won’t put you off but at least you will know what to expect.

CAPRICORN (Dec. 22 - Jan. 20):

You may have your doubts about a plan or project that everyone else is enthusiastic about but the planets suggest you are being far too negative. Give it a go and don’t be surprised if the challenge turns out to be exactly what you need.

AQUARIUS (Jan. 21 - Feb. 19):

Go your own way, do your own thing and don’t worry in the slightest what others might think about it. Oh, you weren’t going to worry? That’s good, because this is one of those occasions when your own supreme self-confidence will guarantee success.

PISCES (Feb. 20 - Mar. 20):

The sun in your sign links nicely with Mars, planet of ego and energy this weekend, so get up and get at them and show the world what star quality looks like. If you lead from the front a lot of really fun people will happily follow you.

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