CRA updates spousal loan rate

By Staff | September 17, 2015 | Last updated on September 15, 2023
1 min read

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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The staff of have been covering news for financial advisors since 1998.