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Monday, February 16, 2026

Interest Rates for the First Calendar Quarter

Interest Rates for the First Calendar Quarter

The Canada Revenue Agency announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amount owed by the CRA to individuals and corporations. These rates will be in effect from January 1, 2026 to March 31, 2026. 

Income Tax

  • The interest rate charged on overdue taxes, Canada Pension Plan contributions, and employment insurance premiums will be 7%
  • The interest rate to be paid on corporate taxpayer overpayments will be 3%.
  • The interest rate to be paid on non-corporate taxpayer overpayments will be 5%.
  • The interest rate used to calculate taxable benefits for employees and shareholders from interest free and low-interest loans will be 3%.
  • The interest rate for corporate taxpayers’ pertinent loans or indebtedness will be 6.36%

Other taxes, duties, or charges

The interest rates on overdue and overpaid remittances will be as follows: 

2025 Q1 Prescribed Interest Rates From CRA

For questions or concerns, please contact Chris Bodnar.

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