CRA is keeping the prescribed annual interest rate at 1% for the rest of 2015.
CRA is keeping the prescribed annual interest rate at 1% for the rest of 2015.
That means families using spousal loans to income split and save tax may continue to employ the strategy.
The rate has been at 1% since January 1, 2014, when CRA lowered it from 2%.
For the full schedule of rates, see this CRA fact sheet.
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