Thinking of using a prescribed rate loan to split investment income with your spouse or child? Act fast.

Canada Revenue Agency’s prescribed rate is set to double from 1% to 2% as of April 1, 2018. If you loan your spouse or child money by March 31, 2018, you can still use the 1% rate for the duration of the loan.

The 1% rate was a historic low, so be sure to take advantage of it today!


Source:, accessed January 29, 2018.