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  • Service: Tax, International Executive Services
  • Type: Regulatory update
  • Date: 1/17/2014

Canada - Reminder to pay interest on family income-splitting loans 

January 17: Individual taxpayers in Canada having a family income-splitting loan are reminded that interest on these loans for 2013 needs to be paid to the lender by 30 January 2014 so that the attribution rule will not apply to investment income earned on the loans.

Read a January 2014 report prepared by the KPMG member firm in Canada: Pay Interest on Family Income Splitting Loans by 30 January




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