The Canadian Revenue Agency Feb. 28 announced annual interest rates for tax underpayments and overpayments for Q1 and Q2 of 2024, for individuals and corporations for various taxes, including income tax, GST, and the Harmonized sales tax (HST). The announcement includes: 1) an increase to 10 percent from 9 percent in the interest rate on overdue taxes, Canada Pension Plan contributions, and employment insurance premiums for Q1 and Q2; 2) an increase to 6 percent from 5 percent in the interest rate for corporate taxpayer overpayments, and in the interest rate for calculating taxable benefits for employees and shareholders from ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.