The prescribed interest rates for the fourth quarter of 2013 are as follows:
- 2% to calculate a deemed interest benefit on subsidized employee and shareholder loans;
- 2% on refunds of income tax overpayments;
- 4% on refunds of non- corporate income tax overpayments; and
- 6% on payments of overdue income taxes, insufficient income tax instalments, unremitted employee source deductions, CPP contributions or EI premiums, and unpaid penalties.
These rates are in effect from: October 1, 2013 to December 31, 2013.