Last updated: September 03 2008
The Canada Revenue Agency has 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, 2008, to December 31, 2008.
Each of these rates remains unchanged from the previous quarter.
The interest rate on overdue and overpaid remittances for the following taxes will be:
Tax and Duty
Air Travellers Security Charge
Excise Tax (non GST)
Excise Duty (except Brewer Licensees)
Excise Duty (Brewer Licensees)
Softwood Lumber Products Export Charge