A Financial Possibility To Kick-Start Your Summertime; Family Income Splitting Loans At A Unique, Minimal Prescribed Speed

A Financial Possibility To Kick-Start Your Summertime; Family Income Splitting Loans At A Unique, Minimal Prescribed Speed Tax Law Bulletin Than yourself, an upcoming change in the Canada Revenue Agency’s (“CRA”) prescribed interest rate will create a financial opportunity if you have a family member who is in a lower tax bracket. Effective July 1 st , 2020, the prescribed rate of interest will drop to at least one% , increasing the taxation benefits available through the use of a

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