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About
About KPMG

KPMG provides Audit, Tax, and Advisory services. KPMG LLP is the Canadian member firm of KPMG International.

KPMG and Free The Children

Working in partnership with Free The Children, KPMG is helping our people make a meaningful contribution to development by putting our skills to work - internationally, in our communities, and with our families.
Topics
C-Suite

The 30th survey finds executives focused on immigration, skills training, and infrastructure.

Climate Change & Sustainability

KPMG's Global Sustainability Services can help you take a structured approach to defining your role.
Industries
Energy

KPMG's Energy professionals can help clarify the issues and enhance your competitive advantage. We serve organizations operating in three sectors: Energy Services, Oil & Gas, and Power & Utilities.

Financial Services

Our Financial Services teams have the experience, technical skills, industry focus, and global resources to help clients address and overcome their business challenges.
Services
- Corporate Tax Tables
- Canadian Personal Tax Tables
Research
Tax Facts

This annual tax guide will give you quick answers to many practical questions that come up when doing tax and financial planning.

Rethinking Human Resources

A study from KPMG International shows that the “war for talent” is crucial to almost every business in today’s competitive global markets.
Careers
Employer Awards

KPMG’s commitment to provide a supportive and innovative workplace for our people has been recognized year after year.

Fit Magazine

Our FIT Magazine will give you an inside look at a career with KPMG, by reading about personal experiences, our culture and the limitless opportunities available with the firm.
Partners

No Change to CRA Prescribed Rate for Q2 of 2012

Canadian Tax Adviser
February 14, 2012

Paul Hickey
Toronto, National Tax Centre

The government has announced that the CRA prescribed income tax interest rates for taxable benefits, overpaid taxes and underpaid taxes for the second quarter of 2012 (April 1-June 30, 2012) will remain the same as the current quarter.

Currently, the rate for penalties and interest on overdue income taxes is 5%. The prescribed rate for refunds of overpaid tax is 3% for non-corporate taxpayers (1% for corporate taxpayers), and the prescribed rate that applies to taxable benefits for employees and shareholders from interest-free and low-interest loans is 1%.

Prescribed rates for 2011 and 2012 are as follows:

Prescribed rates for 2011 and 2012

For more information, contact your KPMG adviser.

Publications

Canadian companies may be interested in these recent publications:

TaxNewsFlash
Global Tax Adviser
Canadian Tax Adviser
Transfer Pricing Highlights
Trade Matters
These publications, among many others, are available at www.kpmg.ca.

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