Income Splitting - Save Tax

On March 4, 2009 the Canada Revenue Agency (CRA) announced that the prescribed interest rate used to calculate taxable benefits on low interest loans will be reduced from 2% to 1%, effective from April 1 to June 30, 2009. This announcement makes tax planning using income splitting loans an increasingly attractive opportunity.

Read more on how “income splitting” can save you a bundle of tax.  Tax Strategies