On the ninth day, share your income with family using income- splitting loans. With the current Canada Revenue Agency prescribedinterest rate of 1%, this is an excellent tax-saving opportunity for those with liquid or certain other assets, who are interested in income splitting with spouses, partners and/or children and grandchildren. This could also benefit anyone who has an outstanding income splitting loan with a rate higher than 1% - but remember, annual interest must be paid by January 30 of the following year to avoid income attribution.