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Interest Rates

 Debit Rates (%)

  2001 2002 2003 2004 2005 2006 2007 2008 2009
Jan 10.50 7.00 7.50 7.50 7.25 8.00 9.00 9.00 6.50
Feb 10.50 7.00 7.50 7.50 7.25 8.00 9.00 9.00 6.50
March 10.50 7.00 7.50 7.50 7.25 8.00 9.00 9.00 6.50
April 9.75 6.75 7.75 7.00 7.25 8.50 9.00 8.25 5.50
May 9.75 6.75 7.75 7.00 7.25 8.50 9.00 8.25 5.50
June 9.75 6.75 7.75 7.00 7.25 8.50 9.00 8.25 5.50
July 9.25 7.25 8.00 6.75 7.25 9.00 9.00 7.75 5.25
Aug 9.25 7.25 8.00 6.75 7.25 9.00 9.00 7.75 5.25
Sep 9.25 7.25 8.00 6.75 7.25 9.00 9.00 7.75 5.25
Oct 8.75 7.50 7.50 7.00 7.50 9.00 9.25 7.75 5.25
Nov 8.75 7.50 7.50 7.00 7.50 9.00 9.25 7.75 5.25
Dec 8.75 7.50 7.50 7.00 7.50 9.00 9.25 7.75 5.25

 Credit Rates (%)

  2001 2002 2003 2004 2005 2006 2007 2008 2009
Jan 5.50 2.00 2.50 2.50 2.25 3.00 4.00 4.00 1.50
Feb 5.50 2.00 2.50 2.50 2.25 3.00 4.00 4.00 1.50
March 5.50 2.00 2.50 2.50 2.25 3.00 4.00 4.00 1.50
April 4.75 1.75 2.75 2.00 2.25 3.50 4.00 3.25 0.50
May 4.75 1.75 2.75 2.00 2.25 3.50 4.00 3.25 0.50
June 4.75 1.75 2.75 2.00 2.25 3.50 4.00 3.25 0.50
July 4.25 2.25 3.00 1.75 2.25 4.00 4.00 2.75 0.25
Aug 4.25 2.25 3.00 1.75 2.25 4.00 4.00 2.75 0.25
Sep 4.25 2.25 3.00 1.75 2.25 4.00 4.00 2.75 0.25
Oct 3.75 2.50 2.50 2.00 2.50 4.00 4.25 2.75 0.25
Nov 3.75 2.50 2.50 2.00 2.50 4.00 4.25 2.75 0.25
Dec 3.75 2.50 2.50 2.00 2.50 4.00 4.25 2.75 0.25

Debit Rates are what we charge on outstanding balances and late payments.

Credit Rates are what we pay on overpayments.

These rates apply to Corporation Capital Tax, Insurance Premium Tax, and Logging Tax.

Note: Methods of calculating interest vary by Tax Act. Please consult the relevant legislation for specific details.

 

  
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