CRA interest rate on overdue tax to hold steady in Q2
Prescribed rate for the second quarter to remain at 4%
- By: Michelle Schriver
- January 31, 2025 January 31, 2025
- 11:40
Prescribed rate for the second quarter to remain at 4%
Over the same period last year, the government posted a $19.1B deficit
Overall inflation climbed 0.3% in December from the previous month, driven by a jump in gas prices
The tariffs threaten to blow up the trade agreement Trump himself negotiated with America’s neighbours
However, the agency's preliminary estimates point to a rebound at the end of the year
Decision will be based on whether the price of oil charged is fair, Trump says
The Q4 median return was 1.6%, a fourth consecutive quarterly gain
Index adjustment follows merger closing on Feb. 3
Growing credit to non-banks in advanced economies drove rise
Competition may get a boost, but Big Six will remain dominant
After consultation, SRO cuts proposed new dealer application fees
Government needs to find $50B by 2029-30 to increase odds of reducing debt-to-GDP ratio
The S&P/TSX composite index rose 58.63 points to 32,058.73
The central bank issued a summary of its overnight-rate deliberations earlier this month
Americans’ assessments of their current economic situation tumbled: survey
Retail investors targeted by so-called investment groups on social media
The increase is part of an effort to beef up anti-money laundering measures
Accountant allegedly found assets used to lure investors to schemes
The pension fund is investing up to US$1.05 billion
Plus, promotions at Harvest and Ontario Teachers' Pension Plan Board
High-profile firms and their clients were targeted in 2025
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record