Posts made in December, 2012

Canada Revenue Agency: Interest Rates for the First Calendar Quarter

Posted by on Dec 10, 2012 in Blog | 0 comments

Canada Revenue Agency: Interest Rates for the First Calendar Quarter

OTTAWA, ONTARIO–(Marketwire – Dec 6, 2012) – 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 January 1, 2013 to March 31, 2013. The rates below remain unchanged from the previous quarter. Income tax The interest rate charged on overdue taxes,┬áCanada Pension Plan contributions, and employment insurance premiums will┬ábe...

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