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Discussion Starter #1
Hello folks,

Does anyone know why CRA hasn't published their prescribed rate for Q2 of 2020?

It should reset on April 1, but I see nothing on their site yet.
I found a KPMG article from February saying they won't change it for Q2 but since then
the rates plummeted and BoC currently has 0.25% overnight.

Wouldn't that dictate that CRA set their prescribed rate down to 0.25% too?

Cheers,
JC
 

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Hello folks,

Does anyone know why CRA hasn't published their prescribed rate for Q2 of 2020?

It should reset on April 1, but I see nothing on their site yet.
I found a KPMG article from February saying they won't change it for Q2 but since then
the rates plummeted and BoC currently has 0.25% overnight.

Wouldn't that dictate that CRA set their prescribed rate down to 0.25% too?

Cheers,
JC
According to Tim Cestnick:

The prescribed rate ... is set each quarter based on the average 90-day Government of Canada T-bill rate for the first month of the prior quarter.
Source
 

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Discussion Starter #3
Thanks for that bit of information @fireseeker !
Eyeballing Canada 3 Month Government Bond it seems like it was about 0.5% average or so. Do they ever use fractions or will it be rounded up to 1%?

Also makes me wonder why this is not published on their website yet. We are already in the second quarter. Maybe they are contemplating which way to round it? 1% or 0% :p
 

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Discussion Starter #5
Thanks Peter,

I misread the first month of the prior quarter - so January.
That's unfortunate, as far as my spousal loan goes.

Cheers,
JC
 
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