What is the purpose of the Prescribed Loan Worksheet?

Andrew Skujins -

The purpose of the Prescribed Loan Worksheet is to project the net tax savings available using a prescribed rate loan to earn investment income. The worksheet will calculate the results of earning income in the hands of a lower marginal rate taxpayer while also considering the impact of loan interest to both parties.

This worksheet accommodates various types of investment income - e.g. interest, dividends, and capital gains.

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