Federal Interest Rates

FEDERALLY PRESCRIBED INTEREST RATES

2020 Overdue Remittances** Tax Overpayments* Taxable Benefits
Jan – Mar 6% C = 2% NC = 4% 2%
Apr – June 6% C = 2% NC = 4% 2%
July – Sept 5% C = 1% NC = 3% 1%
Oct – Dec 5% C = 1% NC = 3% 1%
2019 Overdue Remittances** Tax Overpayments* Taxable Benefits
Jan – Mar 6% C = 2% NC = 4% 2%
Apr – June 6% C = 2% NC = 4% 2%
July – Sept 6% C = 2% NC = 4% 2%
Oct – Dec 6% C = 2% NC = 4% 2%
2018 Overdue Remittances** Tax Overpayments* Taxable Benefits
Jan – Mar 5% C = 1% NC = 3% 1%
Apr – June 6% C = 2% NC = 4% 2%
July – Sept 6% C = 2% NC = 4% 2%
Oct – Dec 6% C = 2% NC = 4% 2%

*C = Corporate taxpayer overpayments
NC = Non-corporate taxpayer overpayments

** = Includes overdue taxes, Canada Pension Plan contributions, and Employment Insurance premiums

(Note: All posted rates are subject to change by Canada Revenue Agency or other government departments that are responsible for them.)