Lock in Family Income-Splitting Loans by June 30, 2022 Lock in Family Income-Splitting Loans by June 30, 2022 Lock in Family Income-Splitting Loans by June 30, 2022

The current 1% interest rate, which has remained at its lowest possible level since July 1, 2020, provides a great opportunity to enter into income-splitting loan arrangements with family members. Similarly, employees who have entered into qualifying home purchase loans with their employers may have a unique tax planning opportunity to reduce the related taxable benefit.

Download this edition of the TaxNewsFlash to learn more.