{"id":7129,"date":"2021-10-22T07:33:32","date_gmt":"2021-10-22T12:33:33","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/dominion-securities\/video\/prescribed-rate-loan-planning\/"},"modified":"2023-11-01T10:45:39","modified_gmt":"2023-11-01T14:45:39","slug":"video-prescribed-rate-loan-planning","status":"publish","type":"page","link":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/dominion-securities\/video\/prescribed-rate-loan-planning","title":{"rendered":"Prescribed rate loan planning"},"content":{"rendered":"\n<div class=\"wp-block-rbcwm-hero-block rbc-hero-wm  rbc-hero-overlap rbc-hero-overlap-mobile\"><div class=\"container\"><div class=\"row no-gutters\"><div class=\"col-lg-12\"><div class=\"rbc-card rbc-hero-card rbc-hero\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body\"><div class=\"rbc-hero-body-content\"><h1 class=\"rbc-hero-title\"><span>Prescribed rate loan planning <\/span><\/h1>\n<p class=\"is-style-hero-subtitle\"><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<section class=\"wp-block-rbcwm-rbc-block rbc-block rbc-block-grey has-block-grey-background-color has-background\"><div class=\"container\"><div class=\"row \"><div class=\"col-lg-12\">\n<div class=\"row wrap blockId-07e991f8-321f-40e0-9c08-1a6b2025f291\">\n<div class=\"wp-block-rbcwm-column col-lg-8\">\n<p class=\"is-style-intro\">For some families, there may be opportunities to reduce taxes by setting up a prescribed rate loan.<\/p>\n\n\n\t\t<!-- Start of Brightcove Player -->\n\t\t\t\t\t\t<div style=\"display: block; position: relative; min-width: 0px; max-width: 690px;\">\n\t\t\t\t\t<div style=\"padding-top: 56%; \">\n\t\t\t\t\t\t<video-js\n\t\t\t\t\t\t\t\tid=\"6149414902001\"\n\t\t\t\t\t\t\t\tdata-video-id=\"6149414902001\" data-account=\"3187797751001\"\n\t\t\t\t\t\t\t\tdata-player=\"VBE5DE1mC\"\n\t\t\t\t\t\t\t\tdata-usage=\"cms:WordPress:6.9.4:2.8.8:javascript\"\n\t\t\t\t\t\t\t\tdata-embed=\"default\" class=\"video-js\"\n\t\t\t\t\t\t\t\tdata-application-id=\"\"\n\t\t\t\t\t\t\t\tcontrols   \t\t\t\t\t\t\t\tstyle=\"width: 100%; height: 100%; position: absolute; top: 0; bottom: 0; right: 0; left: 0;\">\n\t\t\t\t\t\t<\/video-js>\n\n\t\t\t\t\t\t<script src=\"https:\/\/players.brightcove.net\/3187797751001\/VBE5DE1mC_default\/index.min.js\"><\/script> \t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<!-- End of Brightcove Player -->\n\t\t<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-column col-lg-8 mt-3\">\n<div class=\"wp-block-rbcwm-expandable-block rbc-expandable\">\n<div id=\"da5\" class=\"wp-block-rbcwm-expandable-block-title rbc-expandable-trigger rbc-expandable-arrow-wrap\"><button aria-expanded=\"false\" aria-controls=\"da5-content\" data-target=\"da5-content\" data-duration=\"400\" class=\"rbc-expandable-trigger-button\">\n<h3 class=\"wp-block-heading h4\" id=\"h-\"><\/h3>\n<span class=\"rbc-display\" data-open-text=\"View transcript\" data-close-text=\"View transcript\">View transcript<\/span><div class=\"rbc-icon rbc-expandable-arrow rbc-expandable-arrow-right\"><i class=\"rbc-icon-img fal fa-angle-down\"><\/i><\/div><\/button><\/div>\n\n\n\n<div id=\"da5-content\" aria-labelledby=\"da5\" class=\"wp-block-rbcwm-expandable-block-content rbc-expandable-content rbc-expandable-content-inner-style content-da55c8de-fc5c-4563-b624-796f3776703e\"><div class=\"rbc-expandable-content-body\">\n<p>Did you know, your family can save on taxes by having a high-income family member loan cash at the current CRA prescribed interest rate \u2014 to a lower-income family member?<\/p>\n\n\n\n<p>Any investment income earned by the low-income family member, exceeding the prescribed rate, is then taxed in their name.<\/p>\n\n\n\n<p>For example, a high-income spouse can loan cash directly to a low-income spouse.<\/p>\n\n\n\n<p>Or, a high-income parent can loan cash to a family trust to income split with their children.<\/p>\n\n\n\n<p>The investment income earned in the trust can be used to fund child-related expenses, such as private school fees, lessons, or other expenses that directly benefit the child.<\/p>\n\n\n\n<p>Speak to a qualified tax advisor to determine if prescribed rate loan planning is right for you.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-rbcwm-rbc-block rbc-block rbc-footer-footnotes rbc-block-small  rbc-block-grey\"><div class=\"container\"><div class=\"row \"><div class=\"col-lg-12\">\n<div class=\"wp-block-group wrap caption row is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-rbcwm-columns container\"><div class=\"row wrap blockId-f762aa26-0dac-45d2-a8c2-23f416ed2683\">\n<div class=\"wp-block-rbcwm-column col-lg-12 wrap\">\n<ul class=\"list-inline wp-block-list\">\n<li>Regulated by:<\/li>\n\n\n\n<li><a href=\"https:\/\/www.cipf.ca\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"96\" class=\"wp-image-2359\" src=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2023\/02\/cipf-member-logo-en.png\" style=\"width:80%\" alt=\"\"><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.ciro.ca\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" class=\"wp-image-2361\" style=\"width: 382px;\" src=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2023\/02\/ciro-logo-en.png\" alt=\"\"><\/a><\/li>\n<\/ul>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":50,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"editor_notices":[],"rbc_url_alias":"dominion-securities\/video\/prescribed-rate-loan-planning","footnotes":""},"rbcwm_content_owner":[],"class_list":["post-7129","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Prescribed rate loan planning - RBC Wealth Management<\/title>\n<meta name=\"description\" content=\"Prescribed rate loan planning For some families, there may be opportunities to reduce taxes by setting up a prescribed rate loan. 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