The increase represents the fourth consecutive quarter that the rate has climbed
Clients who miss interest payment deadline risk losing an income-splitting opportunity
Rate to rise for the third consecutive quarter
Clients have until Sept. 30 to lock in the 2% family loan rate
As rates rise, opportunity to achieve tax savings via a family loan strategy narrows
Now is the time to lock in 1% prescribed rate on family loans, achieve income splitting opportunity
Laurentian Bank of Canada reported first-quarter revenue of $257.5 million
With this announcement, three of the Big Six now have specialized lending programs
In its first two weeks the program has attracted more than 600 inquiries
Business owners worry about paying off Covid debt