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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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Trump Eases Auto Tariffs to Support U.S. Manufacturing

President Donald Trump has taken a significant step to alleviate concerns in the automotive industry by signing executive orders to relax his 25% tariffs on automobiles and auto parts. This move comes after warnings from automakers and analysts that the tariffs could raise prices, reduce sales, and make U.S. production less competitive globally.

The revised policy introduces temporary rebates for vehicles assembled in the U.S. with foreign parts, aiming to ease the financial burden on manufacturers. Trump described the changes as a "bridge" to encourage automakers to shift more production to the United States. Treasury Secretary Scott Bessent emphasized that the goal is to create more domestic manufacturing jobs and strengthen the U.S. auto industry.

Automakers like General Motors and Ford have expressed gratitude for the relief measures, highlighting their commitment to investing in American manufacturing. Industry leaders also noted that the adjustments would provide time to reconfigure supply chains and ramp up domestic production.

This policy shift underscores the administration's focus on balancing trade policies with the need to support domestic industries and jobs.

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