CRA Prescribed Rate Drops to 4% in Q2 2026: Spousal Loan Opportunity
The CRA announced a prescribed interest rate of 4% effective April 1, 2026 — down from 5% in Q1. A lower rate reopens the spousal loan income-splitting strategy for higher-income households.
RRSP Contribution Deadline 2026: How to Maximize Your Refund Before March 2
March 2, 2026 is the last day to contribute to your RRSP and claim the deduction on your 2025 tax return. We walk through the contribution limit calculation, carry-forward room, and spousal RRSP strategy.
Capital Gains Inclusion Rate in 2026: What Still Applies After the Pause
After Parliament prorogued before legislating the two-thirds inclusion rate, the CRA announced it would administer the original 50% rate for the 2025 tax year. This article explains what that means for your 2026 dispositions.
Home Office Expenses 2025: Detailed Method vs. Flat Rate — Which Wins?
The CRA eliminated the temporary flat rate method after 2022, meaning all home office claims for 2025 require the detailed method and a completed T2200. We show you how to calculate the deduction and what CRA expects.
Prescribed Rate Jumps to 3%: Spousal Loan Window Narrowing
The CRA prescribed interest rate rose to 3% in Q3 2022, up from its historic low of 1% held through most of 2020 and 2021. Spousal loans established when the rate was 1% locked in that rate — new loans are less advantageous.
Home Office Expenses 2020 Return: $2/Day Method and T2200 Options
For the 2020 tax year, the CRA introduced a temporary flat rate of $2 per day (up to 200 days) for home office expenses — no T2200 required. Employees who could claim more could still use the detailed method with an employer-signed T2200.