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Prescribed Interest Rate for PLOIs Increases in Q2 2018

Prescribed Interest Rate for PLOIs Increases in Q2 2018

The prescribed interest rate for the second quarter of 2018 is now available.

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KPMG estimates that the quarterly prescribed interest rate to be used when determining the deemed interest income inclusion from a pertinent loan or indebtedness (PLOI) will increase to 5.18% (from 4.98%) for April 1, 2018 - June 30, 2018. 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 Canadian Tax Adviser to learn more.

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