Prescribed Interest Rates for Leasing Rules
Notes
• The Canada Revenue Agency (CRA) has established prescribed interest rates, under
Regulation 4302, to determine and limit both the amount of capital cost allowance that
a lessor may claim in respect of “specified leasing property” and the interest portion of
payments by a lessee. The rate for these purposes, in any month, is one percentage point
greater than the long-term Government of Canada bond rate for the last Wednesday of the
month before the preceding month.
• This information is available on the CRA’s web site at www.cra-arc.gc.ca.
2011
2012
2013
January
4.60%
3.61%
3.20%
February
4.51
3.42
3.27
March
4.71
3.55
3.47
April
4.69
3.48
3.39
May
4.66
3.56
3.34
June
4.67
3.55
3.19
July
4.41
3.20
3.48
August
4.47
3.24
3.90
September
4.28
3.14
3.88
October
4.00
3.28
4.00
November
3.74
3.24
4.00
December
3.91
3.27
TBA
/ 111
TBA = To be announced
Current as of September 30, 2013
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