The CRA has announced the prescribed annual interest rates for Q1 2018. These will apply to any amounts owed to or by the CRA, with respect to individuals and corporations. They will be in effect from Jan. 1, 2018 to March 31, 2018.

Compared to last quarter, the only change applies to the interest rate for corporate taxpayers’ pertinent loans or indebtedness; that rate will be 4.98%, up from 4.75%.