Interest rates are set every six months. The rate applied is the prime rate of the financial institution holding the Province's General Revenue Fund plus 3%.
Current and historical rates are as follows:
Effective Date | Rate | Effective Date | Rate |
Jan 1, 2024 to Jun 30, 2024 | 10.20% | Jul 1, 2024 to Dec 31, 2024 | 9.95% |
Jan 1, 2023 to Jun 30, 2023 | 9.45% | Jul 1, 2023 to Dec 31, 2023 | 9.95% |
Jan 1, 2022 to Jun 30, 2022 | 5.45% | Jul 1, 2022 to Dec 31, 2022 | 6.70% |
Jan 1, 2021 to Jun 30, 2021 | 5.45% | Jul 1, 2021 to Dec 31, 2021 | 5.45% |
Jan 1, 2020 to Jun 30, 2020 | 6.95% | Jul 1, 2020 to Dec 31, 2020 | 5.45% |
Jan 1, 2019 to Jun 30, 2019 | 6.95% | Jul 1, 2019 to Dec 31, 2019 | 6.95% |
Jan 1, 2018 to Jun 30, 2018 | 6.20% | Jul 1, 2018 to Dec 31, 2018 | 6.45% |
Jan 1, 2017 to Jun 30, 2017 | 5.70% | Jul 1, 2017 to Dec 31, 2017 | 5.70% |
Jan 1, 2016 to Jun 30, 2016 | 5.70% | Jul 1, 2016 to Dec 31, 2016 | 5.70% |
Jan 1, 2015 to Jun 30, 2015 | 6.00% | Jul 1, 2015 to Dec 31, 2015 | 5.85% |
Jan 1, 2014 to Jun 30, 2014 | 6.00% | Jul 1, 2014 to Dec 31, 2014 | 6.00% |
Jan 1, 2013 to Jun 30, 2013 | 6.00% | Jul 1, 2013 to Dec 31, 2013 | 6.00% |
Jan 1, 2012 to Jun 30, 2012 | 6.00% | Jul 1, 2012 to Dec 31, 2012 | 6.00% |
Jan 1, 2011 to Jun 30, 2011 | 6.00% | Jul 1, 2011 to Dec 31, 2011 | 6.00% |
Jan 1, 2010 to Jun 30, 2010 | 5.25% | Jul 1, 2010 to Dec 31, 2010 | 5.50% |
Jan 1, 2009 to Jun 30, 2009 | 6.50% | Jul 1, 2009 to Dec 31, 2009 | 5.25% |
Jan 1, 2008 to Jun 30, 2008 | 9.00% | Jul 1, 2008 to Dec 31, 2008 | 7.75% |
Jan 1, 2007 to Jun 30, 2007 | 9.00% | Jul 1, 2007 to Dec 31, 2007 | 9.00% |
Jan 1, 2006 to Jun 30, 2006 | 8.00% | Jul 1, 2006 to Dec 31, 2006 | 9.00% |
Jan 1, 2005 to Jun 30, 2005 | 7.25% | Jul 1, 2005 to Dec 31, 2005 | 7.25% |
Jan 1, 2004 to Jun 30, 2004 | 7.50% | Jul 1, 2004 to Dec 31, 2004 | 6.75% |
Jan 1, 2003 to Jun 30, 2003 | 7.50% | Jul 1, 2003 to Dec 31, 2003 | 8.00% |
Jan 1, 2002 to Jun 30, 2002 | 7.00% | Jul 1, 2002 to Dec 31, 2002 | 7.25% |