As of April 1st, those that split investment income with a family member using a prescribed rate loan will be facing an interest rate of 2 percent, in contrast to the current 1 percent rate. If you set up the loan before March 31st, you can continue to take advantage of the lower interest rate. This is particularly useful in the case of children who use the money for education, because often in these cases, there might not be any interest.

Read more: A key tax-splitting interest rate is about to double