Spousal loans – Investment Executive

Payment deadline nears for prescribed-rate loans

rudy — Mon, 22 Jan 2024 14:53:21 +0000

A late payment will thwart the income-splitting opportunity associated with the strategy

rudy — Wed, 25 Oct 2023 14:02:06 +0000

The prescribed rate is set to rise in Q1 2024

rudy — Wed, 29 Mar 2023 19:16:36 +0000

Rate to rise for the fourth consecutive quarter

rudy — Wed, 01 Feb 2023 14:53:24 +0000

The increase represents the fourth consecutive quarter that the rate has climbed

rudy — Wed, 18 Jan 2023 15:27:09 +0000

Clients who miss interest payment deadline risk losing an income-splitting opportunity

rudy — Mon, 20 Jun 2022 16:38:43 +0000

Beginning next month, the minimum rate that can be charged on such a loan will double

melissa — Wed, 27 Apr 2022 17:28:15 +0000

Now is the time to lock in 1% prescribed rate on family loans, achieve income splitting opportunity

Mark — Tue, 15 Mar 2022 16:40:20 +0000

Despite inflation, the prescribed rate on loans to family members remains set at 1%

melissa — Mon, 02 Nov 2020 14:00:13 +0000

The prescribed rate dropped to 1% from 2% in July, sparking "enormous interest" in refinancing

Alan — Fri, 22 Nov 2013 21:00:00 +0000

Interest rate returning to 1% in January