Canada: Payments of interest on family income-splitting loans, reminder
Individuals with any family income-splitting loans need to determine that the 2021 interest amounts on these loans is paid to lenders by 30 January 20
Payments due 30 January 2022
Payments of interest on family income-splitting loans for 2021 are due 30 January 2022.
Individuals with any family income-splitting loans need to determine that the 2021 interest amounts on these loans is paid to lenders by 30 January 2022 to avoid having the attribution rules apply to investment income earned on the borrowed funds.
Read a December 2021 report prepared by the KPMG member firm in Canada
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