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Canada: Interest rates for tax purposes, fourth quarter 2019

Canada: Interest rates for tax purposes, fourth quarter

The rates of interest that apply for tax purposes in Canada are provided for the fourth quarter of 2019 (1 October 2019 – 31 December 2019).


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  • The Canada Revenue Agency announced that there will be no changes to the prescribed income tax interest rates for taxable benefits, overpaid taxes, and underpaid taxes. Read an August 2019 report [PDF 150 KB]

  • The KPMG member firm in Canada estimates that the quarterly prescribed interest rate that will be used to determine the deemed interest income inclusion from a pertinent loan or indebtedness (PLOI) will decrease slightly to 5.65% (from 5.67%). Read an August 2019 report [PDF 145 KB] 

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