close
Share with your friends

Prescribed Interest Rate for PLOIs for Q2 2019

Prescribed Interest Rate for PLOIs for Q2 2019

KPMG’s estimates are in—Slight decrease in second quarter

1000

Related content

The prescribed interest rate for 2019's second quarter is now available. KPMG estimates that the quarterly prescribed interest rate that will be used to determine the deemed interest income inclusion from a pertinent loan or indebtedness (PLOI) will decrease slightly to 5.63% (from 5.67%) for April 1, 2019 to June 30, 2019. This rate is generally the average yield of Government of Canada 90-day Treasury Bills sold during the first month of the preceding quarter (rounded to two decimal places) plus 4%.

Download this edition of TaxNewsNOW to learn more.

Information is current to February 05, 2019. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal