| 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 interest rates are as follows: |
| Effective Date |
Rate |
Effective Date |
Rate |
| Jan |
1, |
2002 |
to |
Jun |
30, |
2002 |
7.00 |
% |
Jul |
1, |
2002 |
to |
Dec |
31, |
2002 |
7.25 |
% |
| Jan |
1, |
2003 |
to |
Jun |
30, |
2003 |
7.50 |
% |
Jul |
1, |
2003 |
to |
Dec |
31, |
2003 |
8.00 |
% |
| Jan |
1, |
2004 |
to |
Jun |
30, |
2004 |
7.50 |
% |
Jul |
1, |
2004 |
to |
Dec |
31, |
2004 |
6.75 |
% |
| Jan |
1, |
2005 |
to |
Jun |
30, |
2005 |
7.25 |
% |
Jul |
1, |
2005 |
to |
Dec |
31, |
2005 |
7.25 |
% |
| Jan |
1, |
2006 |
to |
Jun |
30, |
2006 |
8.00 |
% |
Jul |
1, |
2006 |
to |
Dec |
31, |
2006 |
9.00 |
% |
| Jan |
1, |
2007 |
to |
Jun |
30, |
2007 |
9.00 |
% |
Jul |
1, |
2007 |
to |
Dec |
31, |
2007 |
9.00 |
% |
| Jan |
1, |
2008 |
to |
Jun |
30, |
2008 |
9.00 |
% |
Jul |
1, |
2008 |
to |
Dec |
31, |
2008 |
7.75 |
% |
| Jan |
1, |
2009 |
to |
Jun |
30, |
2009 |
6.50 |
% |
Jul |
1, |
2009 |
to |
Dec |
31, |
2009 |
5.25 |
% |
| Jan |
1, |
2010 |
to |
Jun |
30, |
2010 |
5.25 |
% |
Jul |
1, |
2010 |
to |
Dec |
31, |
2010 |
5.50 |
% |
| Jan |
1, |
2011 |
to |
Jun |
30, |
2011 |
6.00 |
% |
Jul |
1, |
2011 |
to |
Dec |
31, |
2011 |
6.00 |
% |
| Jan |
1, |
2012 |
to |
Jun |
30, |
2012 |
6.00 |
% |
Jul |
1, |
2012 |
to |
Dec |
31, |
2012 |
6.00 |
% |
| Jan |
1, |
2013 |
to |
Jun |
30, |
2013 |
6.00 |
% |
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