Prescribed interest leasing rate for March

The prescribed leasing interest rate mandated by the Canada Revenue Agency (CRA) must be calculated using bond yield information found on the Bank of Canada website. That calculation shows that the prescribed interest leasing rate for the month of March 2021 will be 2.32%.

The CRA’s instructions on how to calculate the prescribed leasing interest rate, which includes a link to the necessary bond yield information can be found at https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/business-expenses/leasing-costs/prescribed-interest-rates.html.