CRA makes one change to Q3 interest rates

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 […]

By Staff | June 14, 2018 | Last updated on September 15, 2023

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Canadian individual tax form T1 close-up — © minichka / 123RF Stock Photo

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.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.

Staff

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