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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's Trade Diplomacy: A Step Toward Resolution with the EU

In a significant move, former U.S. President Donald Trump has expressed optimism about resolving trade disputes with the European Union (EU). This comes amidst ongoing tensions over tariffs and trade barriers that have strained transatlantic relations. Trump's announcement of a temporary 90-day pause on reciprocal tariffs exceeding 10% signals a willingness to engage in constructive dialogue.

The EU has reciprocated by suspending its planned counter-tariffs for the same duration, creating a window for negotiations. European Commission President Ursula von der Leyen emphasized the importance of this pause, describing it as an opportunity to pursue a "frictionless" trading relationship. Both sides aim to address key issues, including tariffs on steel and aluminum, agricultural subsidies, and intellectual property rights.

This diplomatic effort could pave the way for a more collaborative relationship between the U.S. and the EU, potentially setting a precedent for future trade agreements worldwide. While challenges remain, the temporary halt in tariffs offers a glimmer of hope for resolving long-standing disputes and fostering economic cooperation.

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