September 5, 2005
CRA interest rates for 4th calendar quarter
The Canada Revenue Agency issued the following news release regarding annual interest rates applying to tax amounts owing.
"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, 2005, to December 31, 2005."
For the interest rates charged on overdue income and other taxes, please see the CRA web site at:
http://www.cra-arc.gc.ca/newsroom/releases/2005/sep/nr050902-e.html
Posted by Taxes.ca Editorial Team [permalink]
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