23 Sep 2013

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

11 Sep 2012

2012 Fourth Quarter Prescribed Interest Rates
by | posted in: What's Happening | 0

Fresh off the press… CRA announced today the 4th quarter interest rates for 2012.  Effective October 1 to December 31, 2012, the interest rate used to calculate taxable benefits for employees and shareholders from interest-free and low-interest loans will be … Continued