Interests, penalties, and interest rates

Interest relief if you received COVID-19 benefits

Interest relief on 2020 taxes owing will be given to people who have a total taxable income of $75,000 or less and received at least one COVID-19 benefit in 2020. For details: Eligibility criteria for interest relief

Services and information

Interest and penalties

Find out when you may be charged interest and what penalties can be applied.

Prescribed interest rates

See the interest rates used for amounts owed to the Canada Revenue Agency (CRA) and for any amounts the CRA owes to individuals and corporations.

Prescribed interest rates for leasing rules

Forms and publications

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