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 - .

- Follow the CRA on .

- Subscribe to a CRA .

- Add our to your feed reader.

- Watch our tax-related videos on .



Contacts:
Canada Revenue Agency

Media Relations
613-952-9184

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: Marketwired
Datum: 27.03.2017 - 15:14 Uhr
Sprache: Deutsch
News-ID 532635
Anzahl Zeichen: 0

contact information:
Town:

OTTAWA, ONTARIO

Kategorie:

Local

Diese Pressemitteilung wurde bisher 230 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Interest rates for the second calendar quarter"
steht unter der journalistisch-redaktionellen Verantwortung von

Canada Revenue Agency (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

What you need to know about payment arrangements ...

OTTAWA, ONTARIO -- (Marketwired) -- 03/31/17 -- If you cannot pay the full amount you owe now, you may qualify for a payment arrangement or ask for taxpayer relief. Take action by contacting the Canada Revenue Agency (CRA) right away. Ignoring your ...

Top questions we get at tax time ...

OTTAWA, ONTARIO -- (Marketwired) -- 03/30/17 -- Every year around tax time, Canadians call the (CRA) with a variety of questions. You can find a number of answers online if you are registered for the CRA's .The five most asked questions:If you ...

What you need to know about payment arrangements ...

OTTAWA, ONTARIO -- (Marketwired) -- 03/29/17 -- If you cannot pay the full amount you owe now, you may qualify for a payment arrangement or ask for taxpayer relief. Take action by contacting the Canada Revenue Agency (CRA) right away. Ignoring your ...

Alle Meldungen von Canada Revenue Agency