The Canada Revenue Agency (CRA) today 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 October 1, 2016 to December 31, 2016.

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 20 September 2016 news release by Canada Revenue Agency and is available in its entirety at:
http://news.gc.ca/web/article-en.do?nid=1126999