IRS sets and publishes current and prior years interest rates quarterly for individuals and businesses to calculate interest on underpayment and overpayment balances. To get the latest information on interest rates sent to your email, subscribe to the IRS Newswire with e-News subscriptions. On this page Current year 2025 quarterly interest rates Prior years quarterly interest…
Day: 10 September 2025
Interest rates for the fourth calendar quarter
The Canada Revenue Agency (CRA) announced today the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from October 1, 2025 to December 31, 2025. Income tax The interest rate charged on overdue taxes, Canada…
Made a mistake on your taxes? Upcoming changes to the Voluntary Disclosures Program
September 10, 2025 Ottawa, Ontario Canada Revenue Agency The Canada Revenue Agency (CRA) is committed to helping taxpayers correct their past tax mistakes. The Voluntary Disclosures Program (VDP) allows for well-intentioned taxpayers to voluntarily correct their tax affairs and receive some financial relief. On October 1, 2025, changes to the VDP will come into effect. These changes will…