Prescribed interest rate for PLOIs — Slight decrease in Q1 2021
Prescribed interest rate for PLOIs — Slight decrease
The rate will decrease slightly to 4.10%
The prescribed interest rate for 2021's first quarter is now available. KPMG estimates that the quarterly rate, which is used to determine the deemed interest income inclusion from a pertinent loan or indebtedness (PLOI), will decrease slightly to 4.10% (from 4.18%) for January 1, 2021 to March 31, 2021. 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%.
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