Colorful TAX Word On Dices on White Background

The prescribed annual interest rates for Q3 2018 will remain mostly unchanged, CRA said Thursday.

The only change from the previous quarter is the interest rate for corporate taxpayers’ pertinent loans or indebtedness, which is down to 5.16% from 5.18% in Q2.

Last quarter, CRA increased the rate for family loans for the first time since 2014.

The rates will apply to any amounts owed to or by CRA, with respect to individuals and corporations. They will be in effect from July 1 to Sept. 30, 2018.

Find all the rates here.

Also read:

Things we learned from CRA at STEP Canada

CRA increases Q2 interest rates

Originally published on Advisor.ca
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