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    Saturday, November 25, 2017

Interest Rates

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, 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%  Jul 1, 2013 to Dec 31, 2013  6.00%
 Jan 1, 2014 to Jun 30, 2014  6.00%  Jul 1, 2014 to Dec 31, 2014  6.00%
 Jan 1, 2015 to Jun 30, 2015  6.00%  Jul 1, 2015 to Dec 31, 2015  5.85%
 Jan 1, 2016 to Jun 30, 2016  5.70%  Jul 1, 2016 to Dec 31, 2016  5.70%
 Jan 1, 2017 to Jun 30, 2017  5.70%  Jul 1, 2017 to Dec 31, 2017  5.70%


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