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| Party / Source | Gift | No or Low Interest Loan |
Loan at Prescribed or Commercial Rate |
|---|---|---|---|
| Attribution rules cease upon separation or divorce, death of the contributor, and for Home Buyers Plan and Lifelong Learning Plan participants. | |||
| Spouse or Partner | |||
| Income | Attributed to "giftor" | Attributed to lender | No Attribution |
| Capital Gains | Attributed to "giftor" | Attributed to lender | No Attribution |
| 2nd Generation Income | No Attribution | No Attribution | No Attribution |
| Child Under 18 | |||
| Income | Attributed to "giftor" | Attributed to lender | No Attribution |
| Capital Gains | No Attribution | No Attribution | No Attribution |
| 2nd Generation Income | No Attribution | No Attribution | No Attribution |
| Child Over 18 | |||
| Income | No Attribution | Attributed to lender | No Attribution |
| Capital Gains | No Attribution | Attributed to lender | No Attribution |
For more information on tax attribution, please contact one of your Edmond Financial Group advisors.