CRA raises Prescribed Interest Rates in 4th Quarter of 2013 for Low or Interest Free Employee Loans

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  For the first time in several CRA announced today (Sept 23, 2013) that effective the 4th quarter of 2013 interest rates used to calculate employee taxable benefits on low interest or zero interest loans is rising from 1% to … Continued

Canada Revenue Agency Announces New Canada Pension Plan (CPP) Rates for 2013

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Canada Revenue Agency announced today the new rates for Canada Pension Plan (CPP) for 2013. There are several components to the calculation of Canada Pension Plan contributions: 1)  The YMPE or Yearly Maximum Pensionable Earnings – the types of remuneration … Continued

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