Tax Notes

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July 2, 2020

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Prescribed rate loans: Tax planning opportunity during uncertain times

Lesley Kim

The Canada Revenue Agency (the “CRA”) announced the prescribed rate for the third quarter of 2020 (“Q3”) on June 22, 2020. Starting July 1, 2020, the prescribed rate is 1% (reduced from 2% in the second quarter).  The prescribed rate...

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