Question for those versed in CRA / Canadian Accounting standards

[Smazz]

Can you tell me the methodology used to determine Canada Revenue Agency prescribed interest rates

 

prescribed interest rates

 

Thanks in advance for any info.

[SharperDingaan]

 

If they owe you, it`s pretty much the average prime rate at Sched-A banks over the last quarter.

If you owe them - add another 200bp!

 

 

[Smazz]

sorry,

I meant specifically the Prescribed Interest Rates for Leasing Rules as the per the link in the post.

 

This is listed monthly.

 

Thanks again.