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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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Torrential Downpour Disrupts Life on Greek Islands

Severe rainstorms wreaked havoc on the Greek islands of Mykonos and Paros, leading to the closure of schools and kindergartens. The torrential rain, accompanied by hailstorms, caused significant flooding, turning roads into rivers and stranding vehicles. Authorities in Paros reported extensive damage to infrastructure, with Mayor Costas Bizas describing the devastation as occurring within just two hours. Emergency crews worked tirelessly to clear debris and rescue stranded residents.

The extreme weather also impacted nearby islands, prompting civil protection authorities to issue warnings and enforce safety measures. Scientists attribute the increasing frequency of such events to climate change and rising global temperatures. 

The islands, known for their idyllic summer tourism, now face the challenge of recovery and rebuilding.

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