Three-month Treasury bill yields set the CRA prescribed rate, and the current reading is well short of what would raise it. An October average of 3.00% would lift the first-quarter 2027 rate to 4%, while an average at or below 2.00% would cut it to 2%. The July average of 2.26% on this daily series differs from the 2.29% auction average that set the fourth-quarter rate.
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.
Related charts
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.
CRA Prescribed Rate, Q3 2023 to Q4 2026, With the 3-Month Bill Yield
October 9, 2026
View chart & download
The prescribed rate is set from the average three-month Government of Canada Treasury bill yield in the first month of the preceding quarter, rounded up to a whole percentage.
CRA Prescribed Rate for Family Loans, Q1 2022 to Q4 2026
October 7, 2026
View chart & download
At the early-2024 peak, interest on a $500,000 family loan ran $30,000 a year, compared with $15,000 now.
CRA Prescribed Rate for Loans to Family Members, Q1 2022 to Q4 2026
October 14, 2026
View chart & download
The CRA set the fourth-quarter rate on August 28, matching the lowest level since the fourth quarter of 2022.
CRA Prescribed Rate, Q1 2022 to Q4 2026
October 16, 2026
View chart & download
The Canada Revenue Agency's prescribed rate for family income splitting loans has held at 3.00% for a fifth consecutive quarter, calculated…
July 29, 2026
View chart & download
The rate is on course to hold at 3% in January because 90-day Treasury bills averaged 2.39% and 2.41% at the last two auctions, and the…
CRA Prescribed Rate for Family Loans, Q4 2021 to Q4 2026
October 19, 2026
View chart & download