Interest rates for the first calendar quarter
December 19, 2016
The Canada Revenue Agency (CRA) has announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations. These rates will be in effect from January 1, 2017, to March 31, 2017.
There have been no changes to the prescribed interest rates since last quarter, except for the interest rate for corporate taxpayers’ pertinent loans or indebtedness.
This has been excerpted from a 16 December 2016 news release by Canada Revenue Agency.