The following is now available on the CRA Web site:
Canada Revenue Agency interest rates for the second calendar quarter
Ottawa, March 3, 2006… The Canada Revenue Agency (CRA) today announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations. These rates are calculated quarterly in accordance with applicable legislation and will be in effect from April 1, 2006, to June 30, 2006.
* The interest rate charged on overdue taxes, Canada Pension Plan contributions, and Employment Insurance Premiums will be 8%.
* The interest rate paid on overpayments will be 6%.
* The interest rate used to calculate taxable benefits for employees and shareholders from interest-free and low-interest loans will be 4%.
The interest rate on overdue and overpaid remittances for the following taxes will be:
Prescribed interest rates for other calendar quarters.
This document is also available for download in .pdf format.