Prescribed Interest Rates for the Second Quarter of 2009

Effective from April 1 to June 30, 2009, the following rates of interest will be levied and paid by the Canada Revenue Agency:

• For overdue taxes, Canada Pension Plan contributions, and Employment Insurance premiums,
  interest will be levied at a rate of 5%.

• The interest rate used to calculate taxable benefits for employees and shareholders from
  low-interest and interest-free loans will be 1%.

• The interest rate paid on overpayments to the CRA will be 3%.