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prescribed rate loan

1 Loophole 🇨🇦 Canada

Loopholes Tagged "prescribed rate loan"

Plain-English guides to Canadian legal rights and workarounds related to prescribed rate loan.

Hard If You Pay Taxes

Prescribed Rate Loan Income Splitting — Shift Investment Income to a Lower-Income Spouse

By lending money to a lower-income spouse or adult family member at the CRA's prescribed interest rate, the investment returns are taxed in their hands — potentially saving thousands annually.

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