Save Tax by Income Splitting - CRA Prescribed Rate Loan is reduced to 1% beginning July 1st, 2020
If you have family members that are not in the top marginal tax bracket this may be a very important webinar to attend if you are interested in reducing your taxes.
Watch this short video for the benefits and call us for information.
Learn more about the Prescribed Rate Loan Strategy by watching this more comprehensive video
Members of our RBC Wealth Management Services team discussed a range of aspects, details and possible benefits related to a prescribed rate loan strategy, including: family income splitting strategies and attribution rules, loaning to a spouse, loaning to a family trust, funding children’s expenses and modifying an existing prescribed rate loan.
“Always turn a negative situation into a positive situation.” – Michael Jordan
