Interested in long-term tax planning strategies? You may want to check out the quick and informative article Redirecting Income, provided by Bennett Gold LLP, Chartered Accountants. In it, you'll find some advice about income splitting with spousal loans, renewing home purchase loans with employers, and mortgage refinancing.
The article was originally written in June 2009 and refers to the Canada Revenue Agency's (CRA) prescribed interest rate of 1%. We're republishing it here because per the CRA website, the rate will remain 1% until September 30, 2009 and all of the advice in the article is is still applicable.