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Subject: CRA Electronic mailing list service Canada Revenue Agency interest rates for the first calendar quarter Ottawa, December 2, 2005… 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 January 1, 2006, to March 31, 2006. Income tax * The interest rate charged on overdue taxes, Canada Pension Plan contributions, and Employment Insurance Premiums will be 7%. * The interest [More]