The Canadian Index

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Bar chart showing 17.5 billion dollars in federal tariff response programs, with about 5 percent of funding deployed so far.

Canada's counter-tariffs on steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics take effect September 8, matching U.S. tariffs dollar for dollar. Ottawa has responded with four federal support programs worth a combined $17.5 billion, led by a $10 billion large enterprise loan facility, though only a small share had been deployed as of early September, split between loans to Algoma Steel and Arctic Canadian Diamond Company.

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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Bar chart showing Canada's CRA prescribed interest rate holding flat at 3% each quarter from 2022 through late 2026.

Canada's CRA prescribed interest rate has held at 3% for six consecutive quarters, the rate used to price family income-splitting loans without attracting a taxable benefit.

CRA Prescribed Rate Holds at 3% as Tariffs Land

August 18, 2026

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Step chart showing the CRA's prescribed interest rate holding steady at three percent for a sixth consecutive quarter.

The rate that applies when a prescribed rate loan is first set up stays locked in for the life of that loan, regardless of any later change…

The Prescribed Rate Holds at 3% for a Sixth Straight Quarter, and the Window to Lock It In Is Now

September 4, 2026

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Bar chart showing Canada's September 8 counter-tariff rates reaching 50% on selected U.S. import lines.

Canada's counter-tariffs take effect September 8, applying rates as high as 50% to roughly $27.6 billion of U.S.

Canada's September 8 Counter-Tariffs Reach 50% on Selected U.S. Import Lines

September 2, 2026

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Line chart showing the CRA prescribed interest rate for family and shareholder loans holding at 3 percent through 2026.

The CRA has confirmed the prescribed rate for family and shareholder loans holds at 3% for the fourth quarter of 2026, the sixth straight…

CRA Holds the Prescribed Rate at 3% for a Sixth Straight Quarter

September 1, 2026

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Step chart showing the CRA's prescribed interest rate holding at 3 percent from the third quarter of 2025 through the fourth quarter of 2026.

The Canada Revenue Agency held the prescribed rate on family loans at 3% for the fourth quarter of 2026, its sixth straight quarter at that level.

The CRA Held the Prescribed Rate at 3% Again. The Window to Use It Is Narrower Than It Looks

August 31, 2026

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