CRA confirmed the family income splitting rate stays at 3 percent for a fifth consecutive quarter beginning July 1, but the corporate pertinent loan rate ticked up for the first time since the rate cycle began easing in 2024.

CCPC owners and families running income splitting loans get another confirmed quarter at the lowest prescribed rate since 2022, with a deadline that is not indefinite.

The rate families use to split income through prescribed rate loans holds for a fifth straight quarter. A firmer Fed signal this afternoon is exactly the kind of input that moves the Treasury bill yield the next announcement is built from.

The CRA has locked the prescribed rate at 3% for Q3 2026. The Bank of Canada decides tomorrow. If Macklem signals a hike is coming, Q4's prescribed rate rises and the income-splitting window that has been open since mid-2025 narrows further. Clients who are not yet in a prescribed rate loan structure are running out of optionality.

The CRA confirmed Tuesday that the prescribed rate stays at 3% through September 30. For clients with higher-income spouses or family trusts, the income-splitting opportunity has been available for over a year. The question is how many of them have not yet acted.

BMO and Scotiabank beat estimates this morning. The wealth management surge inside those results is a planning signal, not just a market story.