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Parliament Hill where the Canada Revenue Agency recently announced a lower prescribed rate

Canada Revenue Agency prescribed rate drops to 4 per cent for Q1 2025

The Canada Revenue Agency prescribed rate will decrease to 4 per cent for the first quarter of 2025—the period from January 1st to March 31st , 2025—down from 5 per cent in Q4 2024. The rate held steady for two straight quarters this year after climbing steadily in the wake of the COVID-19 pandemic as […]