Profile Relating to Interest and Late-Filing Penalty

A. Default settings – Federal

This section allows you to define the default settings to be applied in Form Interest and Late-Filing Penalty (Jump Code: INTEREST).

B. Rates – Federal

The interest rate prescribed by the CRA might change every three months. You can verify the prescribed rate in effect at the following address and update it in your profile: https://www.canada.ca/en/revenue-agency/services/tax/prescribed-interest-rates.html

C. Rates – Québec

The interest rate prescribed by Revenu Québec might change every three months. You can verify the prescribed rate in effect at the following address and update it in your profile: https://www.revenuquebec.ca/en/fair-for-all/ensuring-tax-compliance/penalties-and-interest/interest-rates-on-debts/