The Canadian Index

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Line chart showing the Government of Canada five-year bond yield climbing to 3.43 percent in early September 2026.

The Government of Canada five-year yield has risen for two straight weeks as markets price in a near-certain Federal Reserve rate hike, pushing above the level the Canada Revenue Agency's prescribed rate has held at for six straight quarters. Prescribed rate loans and shareholder loans to Canadian-controlled private corporations are both benchmarked to that rate, and a sustained rise in the underlying yield raises the odds of a higher reset once the current quarter ends.

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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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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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…

The Fed Decides Rates at 2 P.M. Today. Your Prescribed Rate Loan Was Decided in April and Isn't Moving.

July 29, 2026

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Line chart comparing Canada's 3-month Treasury bill yield to 5-year and 10-year bond yields.

The three-month Treasury bill that sets the CRA's quarterly prescribed rate has moved just 4 basis points since March, even as five-year…

The Prescribed Rate Has Held at 3% for Five Quarters. The Short End of the Curve Says a Sixth Is Coming.

July 17, 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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