CBC News - Money - Year-end tax tips
With the end of the calendar year drawing near, people's thoughts turn to the festive season — food, gifts, a brief respite from work. Accountants also think of the things that must be done by Dec. 31 to claim extra tax breaks.
One tip: the Canada Revenue Agency's current prescribed interest rate for loans to a spouse is still just one per cent and is expected to move higher in 2011. 'So now may be a good time to lock in a family loan at this rate and achieve future tax savings,' says a tax advisory from KPMG. (iStock)
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