CRA: Interest rates for the third calendar quarter

Submitted by admin on Wed, 06/24/2020 - 16:00

The Canada Revenue Agency (CRA) has announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from July 1, 2020 to September 30, 2020.

Due to COVID-19, certain payment dates have been extended. For more information, see Changes to taxes and benefits: CRA and COVID-19.

This 22 June 2020 notice is available in its entirety on the CRA website.