Interest rates for the fourth calendar quarter

September 24, 2013

The following is excerpted from a 23 September 2013 news release by Canada Revenue Agency.

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 are calculated quarterly in accordance with applicable legislation and will be in effect from October 1, 2013 to December 31, 2013. All interest rates have increased by 1% since last quarter, except for the rate for corporate taxpayers pertaining to interest on loans and indebtedness.

This release is available in its entirety at:
http://www.cra-arc.gc.ca/nwsrm/rlss/2013/m09/nr130923-eng.html

Topic(s)

Other Government Departments (OGDs) Requirements

Information source

Canada Revenue Agency (CRA)

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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