What interest rate does the CRA charge in 2026?

CRA charges 7% annual arrears interest for the first, second, and third quarters of 2026. Prescribed rates are reset quarterly and interest compounds daily.

When does CRA arrears interest start?

Interest generally starts on the day after the balance was due and continues until the amount is paid. It also applies to unpaid penalties and previously charged interest.

CRA Arrears Interest Calculator

Estimate the cost of carrying an overdue CRA balance through one or more 2026 quarters.

01 —BALANCE AND DATES

Overdue balance

Payment due date

Payment / estimate date

02 —INTEREST RESULT

Estimated CRA interest

$174

90 days, compounded daily

Original balance

$10,000

Estimated total owing

$10,174

Quarter-by-quarter calculation

2026 Q27% · 61 days$118

2026 Q37% · 29 days$56

CRA — Prescribed interest rates
CRA — 2026 third-quarter rates

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