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