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Other Tax Rates Prescribed Interest Rates20161 2017 KPMG LLP, a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International
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Prescribed interest rates20161 are the rates set by the government for various financial transactions.
Financial institutions and individuals engaging in financial transactions are required to file prescribed interest rates20161.
Prescribed interest rates20161 can be filled out online through the government's designated portal.
The purpose of prescribed interest rates20161 is to regulate and standardize interest rates in financial transactions.
Information such as the type of financial transaction, the amount involved, and the interest rate applied must be reported on prescribed interest rates20161.
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