I've got both canvas and vinyl. Canvas looks better, but vinyl is more durable. However, it's the corners that wear and if you can find a cardboard, foam, or other corner protector, you can usually get it to stay in place to prevent premature wear. You can also make some adjustment to whatever rib structure you use to hold up the tarp. In may case, it's probably too low to help at the corner, but raise it up about three inches and the corners would rub much less depending on how you tie down things.
If you don't already have one, big bungee around the perimeter of the tarp helps keep it tied down. Lengths this size can be cut from rolls of the material available from Grainger and other supply stores. On my stiffer canvas tarp, it's even more important than with the plastic one here.
Yu can also see how the tarp rubs directly on the trailer corners. This is were raising the bows underneath will help to limit rub no matter what material the tarp is. I borrowed the rib design from the M101 Yahoo group.