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Babylon provided Munir with a loan of $ 6 4 , 0 0 0 at interest rate of 0 . 6 % . The funds

Babylon provided Munir with a loan of $64,000 at interest rate of 0.6%. The funds were provided on May 1,2022. Munir pays interest monthly and paid all of the interest required in 2022. The prescribed rates set by the CRA for 2022 equaled 2% for Q1&Q2 and 1% for Q3&Q4.
What is the taxable benefit from this loan that Munir must include in his employment income for the 2022 taxation year?

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