Archive for May 2022
CRA Set To Increase The Prescribed Interest Rate – Is Now The Time To Implement A Family Income Splitting Strategy?
On July 1, 2022, the Canada Revenue Agency will be doubling the “prescribed rate” from one to two percent for the first time since 2020. As a result, now may be the time to consider whether a prescribed rate loan is an appropriate income splitting strategy for your situation. Download the publication
Read More