CRA Interest rates for first calendar quarter

The following information is now available on

Interest rates for the first calendar quarter

The Canada Revenue Agency (CRA) announced today the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from January 1, 2018, to March 31, 2018.

Please note the change in interest for corporate taxpayers pertinent loans or indebtedness will now be 4.98% commencing January 1, 2018