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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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Steps to Improve Your Credit Score


 Improving your credit score requires a combination of responsible financial habits and diligent monitoring of your credit report.

1. Pay your bills on time, as timely payments account for a significant portion of your credit score. 

2. Reduce your credit card balances and try to maintain a low credit utilization ratio, as high credit card debt relative to your credit limit can negatively impact your score. 

3. Avoid opening too many new credit accounts at once, as multiple inquiries within a short period can signal increased risk to lenders. 

4. Regularly review your credit report for errors and dispute any inaccuracies you find.

5. Demonstrate a mix of credit types, such as a combination of credit cards, loans, and installment accounts, to showcase your ability to handle diverse financial responsibilities. 

Consistently following these practices will gradually boost your credit score over time.


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