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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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China's Bold Counterstrike in Escalating Trade War

China has intensified the global trade war by imposing sweeping tariffs of 34% on all U.S. goods, marking a significant escalation in its economic standoff with the United States. This move comes in response to President Donald Trump's recent "Liberation Day" tariffs, which raised U.S. tariff barriers to unprecedented levels. Beijing's retaliatory measures also include export controls on rare earth materials and the addition of several entities to its "unreliable entity" list.

The repercussions of this trade war are reverberating across global markets, with fears of a recession looming large. Major stock indices have suffered sharp declines, and investment banks are warning of a potential contraction in global trade volumes. As tensions rise, the World Trade Organization has been drawn into the fray, with China filing a lawsuit against the U.S. over its tariff policies.

This escalating conflict underscores the fragility of international trade relations and raises questions about the long-term impact on the global economy. Will cooler heads prevail, or is this just the beginning of a prolonged economic battle? Only time will tell.

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