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Step chart showing the CRA prescribed interest rate holding at 3 percent for a fifth straight quarter.

The Canada Revenue Agency's prescribed rate for family income splitting loans has held at 3.00% for a fifth consecutive quarter, calculated from the average yield on three month Government of Canada Treasury bills auctioned in April and rounded up to the nearest percentage point. Because a prescribed rate loan locks in the rate in effect when it is made, Wednesday's Federal Reserve decision has no bearing on existing arrangements. The Bank of Canada's own rate is not due to be revisited until September 2.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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A loan made before December 31 keeps the 3% prescribed rate for its full life, provided the borrowing spouse or trust pays the interest by January 30 each year.

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Line chart of the CRA prescribed rate for family loans by quarter, Q1 2023 to Q4 2026, with a 10-year yield line.

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Line chart of the CRA prescribed rate for family loans by quarter, Q1 2022 to Q4 2026, with a dashed Treasury bill line.

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Step chart of the CRA prescribed interest rate by quarter from the first quarter of 2020 to the fourth quarter of 2026.

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