Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Madeira Wildfires: A Battle Against Nature’s Fury


For the past eight days, wildfires have been spreading across the picturesque Portuguese island of Madeira, causing widespread destruction and threatening local communities. The situation remains critical as firefighters battle to contain the flames.

Key Points:

  1. Island in Crisis: Madeira, known for its lush landscapes and vibrant tourism industry, is now grappling with a disaster. The fires have consumed large swaths of forested areas, leaving behind charred landscapes and smoke-filled skies.

  2. Emergency Response: The European Union (EU) has stepped in to provide assistance. Firefighting teams from neighboring countries are joining local efforts to control the flames. Aerial firefighting resources, including water-dropping planes and helicopters, have been deployed.

  3. Evacuations: Residents and tourists have been evacuated from affected areas. Emergency shelters are providing refuge for those displaced by the fires.

  4. Environmental Impact: The fires have ecological consequences, endangering native flora and fauna. The island’s unique biodiversity is at risk.

  5. Investigation: Authorities are investigating the cause of the fires. While extreme heat and dry conditions are contributing factors, deliberate arson has not been ruled out.


Labels:

Comments

Post a Comment