Prescribed Interest Rate for PLOIs Increases in Q3 2017 | KPMG | CA

Prescribed Interest Rate for PLOIs Increases in Q3 2017

Prescribed Interest Rate for PLOIs Increases in Q3 2017

The prescribed interest rate for the third quarter of 2017 is now available.

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KPMG estimates that the quarterly prescribed interest rate used to determine interest income inclusion from a pertinent loan or indebtedness (PLOI) will increase to 4.55% (from 4.47%) for July 1, 2017 to September 30, 2017. 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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