Canada: Payments of interest on family income-splitting loans due 30 January 2023
Individuals with any family income-splitting loans need to determine that the 2022 interest amounts
Payments of interest due 30 January 2023
Payments of interest on family income-splitting loans for 2022 are due 30 January 2023.
Individuals with any family income-splitting loans need to determine that the 2022 interest amounts on these loans is paid to lenders by 30 January 2023 to avoid having the attribution rules apply to investment income earned on the borrowed funds.
Read a December 2022 report prepared by the KPMG member firm in Canada
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