1 Quarterly prescribed interest rates are available online at Revenue Canada Opens in a new window.>.
2 Further details on prescribed rate loans can be found in our online report titled Prescribed rate loans: The one per cent solution (PDF, 110 KB) Opens in a new window.
3 Note that the tax on split income (TOSI) rules may apply so professional tax advice is critical when planning an estate freeze.
4 The LCGE is increased to $1 million for qualified farm or fishing property, including shares of a family-farm or fishing corporation.
5 Note that the tax on split income (TOSI) rules may apply so professional tax advice is critical when planning an estate freeze.
6 In Québec, a mandate of protection (in case of incapacity) becomes effective upon the occurrence of incapacity and homologation by the court.
7 In Quebec, a Power of Attorney is also called a Mandate and the attorney is called the “mandatary”.
8 Exceptions apply for transfers to certain trusts.
9 In some circumstances, you may still pay tax on the future income under the attribution rules.