skip to main content

Search Button - Minden Gross LLP site Twitter Button - Minden Gross LLP page LinkedIn Button - Minden Gross LLP page Instagram Button - Minden Gross LLP

145 King Street West, Suite 2200 | Toronto, Ontario | M5H 4G2 | 416 362 3711

News & Events

Michael Goldberg co-authors "Refinancing Prescribed-Rate Loans Used for Income Splitting" in Canadian Tax Focus

Jul 29, 2020

Image: Michael GoldbergTax lawyer Michael Goldberg co-authored "Refinancing Prescribed-Rate Loans Used for Income Splitting" in Canadian Tax Focus.

The article discusses how a “prescribed rate loan” is an important tool that can enable high tax rate income earners to “split" income with lower tax rate income earners and reduce their overall taxes. As a result of the recent reduction of the prescribed interest rate from 2% to 1% this tool is receiving renewed attention. Unfortunately, refinancing higher rate prescribed rate loans may be complex and/or subject to certain risks.

The article is co-authored with Vincent Didkovsky of Newport Private Wealth. It appears in the August 2020 edition of Canadian Tax Focus, which is published by the Canadian Tax Foundation. Read the full article on the web at:,
or download the PDF at:

Our People

A proud ​​member of Meritas Law Firms Worldwide - Logo



More +

© 2017 Minden Gross LLP  All rights reserved

Legal Marketing | Cubicle Fugitive