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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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Saudi Arabia Shifts Focus to Modest Military Cooperation with U.S.



Saudi Arabia has abandoned its pursuit of an ambitious defense treaty with Washington in return for normalizing relations with Israel and is now pushing for a more modest military cooperation agreement, two Saudi and four Western officials told Reuters.

In a drive to get a wide-ranging mutual security treaty over the line earlier this year, Riyadh softened its position on Palestinian statehood, telling Washington that a public commitment from Israel to a two-state solution could be enough for the Gulf kingdom to normalize relations. However, with public anger in Saudi Arabia and the wider Middle East at fever pitch over Israel's military actions in Gaza, Crown Prince Mohammed bin Salman has again made recognition of Israel conditional on it taking concrete steps to create a Palestinian state.

Israeli Prime Minister Benjamin Netanyahu is still eager to secure normalization with the Saudi powerhouse as a historic milestone and a sign of broader acceptance in the Arab world, Western diplomats said. But he faces overwhelming opposition at home to any concessions to the Palestinians following the Oct. 7 Hamas attacks and knows any gesture in the direction of statehood would fracture his ruling coalition, they said.

With both leaders shackled for now by their domestic powerbases, Riyadh and Washington hope a more modest defense pact could be sealed before President Joe Biden leaves the White House in January, the sources said. A full-blown U.S.-Saudi treaty would need to pass the U.S. Senate with a two-thirds majority - and this would be a non-starter unless Riyadh recognizes Israel, the six sources said.

The pact now under discussion would involve expanding joint military exercises and drills to address regional threats, mainly from Iran. It would foster partnerships between U.S. and Saudi defense firms, with safeguards to prevent collaboration with China, the sources said. The agreement would promote Saudi investment in advanced technologies, especially drone defense. The U.S. would increase its presence in Riyadh through training, logistics, and cyber security support, and may deploy a Patriot missile battalion to enhance missile defense and integrated deterrence. But it would not be the kind of binding mutual defense treaty that would oblige U.S. forces to protect the world's biggest oil exporter in the event of foreign attack.

"Saudi Arabia will get a security deal which will allow more military cooperation and sales of U.S. weapons, but not a defense treaty similar to that of Japan or South Korea as initially sought," said Abdelaziz al-Sagher, head of the Gulf Research Institute think-tank in Saudi Arabia.


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