Interest rates for the second calendar quarter

(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 03/27/17 -- 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 April 1, 2017, to June 30, 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.

Income tax

- The interest rate charged on overdue taxes, Canada Pension Plan contributions, and employment insurance premiums will be 5%.

- The interest rate to be paid on corporate taxpayer overpayments will be 1%.

- The interest rate to be paid on non-corporate taxpayer overpayments will be 3%.

- The interest rate used to calculate taxable benefits for employees and shareholders from interest-free and low-interest loans will be 1%.

- Change: The interest rate for corporate taxpayers' will be 4.47%.

Other taxes, duties, or charges

The interest rates on overdue and overpaid remittances will be as follows:

The overdue remittance rate is the rate of interest the taxpayer must pay on amounts due to the CRA.

The overpaid remittance rate is the rate of interest the CRA must pay on amounts due to the taxpayer.

Quick facts

- Prescribed annual interest rates are calculated quarterly according to the laws that apply.

- For information on the prescribed interest rates for other calendar quarters, go to .

Stay connected

To receive updates on what is new at the Canada Revenue Agency, you can:

- Follow the CRA on Twitter - .

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- Watch our tax-related videos on .



Contacts:
Canada Revenue Agency

Media Relations
613-952-9184

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Bereitgestellt von Benutzer: Marketwired
Datum: 27.03.2017 - 15:14 Uhr
Sprache: Deutsch
News-ID 532635
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