The CRA prescribed income tax interest rates for taxable benefits, overpaid taxes and underpaid taxes will all increase by 1% in the first quarter of 2023 (January 1, 2023 – March 31, 2023).
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Information is current to November 7, 2022. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500