What is the interest rate on overdue taxes in the 1st calendar quarter of 2012?
The interest rate charged by Canada Revenue Agency on overdue taxes, Canada Pension Plan contributions and Employment Insurance premiums for the first calendar quarter of 2012 is 5%. This calendar quarter covers the period January 1, 2012 to March 31, 2012.
The interest rate for the second quarter of 2012 will be announced by Canada Revenue Agency during the first two weeks of March 2012.
Interest rates are adjusted quarterly based on rules contained within federal legislation.
What is the interest rate on overdue taxes in the 1st calendar quarter of 2012?
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