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
Announcements follow commitments made in 2020 to support the Black community
Untapped loan-loss provisions provide support alongside stable revenues
Robert-Falcon Ouellette and Roland Bailey will lead the program