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Finance Division
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Interest Rate on Taxes in Arrears or Delinquent
To: All Financial Administrators and All Improvement
District Secretaries
In order to simplify the presentation and acquisition of this
information, the interest rates indicated in each circular have been
collected and placed in this table. Because municipalities and
improvement districts use the same rates, there is only one table.
These rates are established under
Section 11(3) of the Taxation
(Rural Area) Act. The rates are also applicable
to Sections 412 and 417 of the Local Government Act and
Section 245, 246 and 254 of the Community Charter.
These rates are calculated by adding three percent to the prime
lending rate (as of the 15th of the month preceding the effective
date) of the principal banker to the Province.
| Circular | Effective Starting | Effective Ending | Interest Rate | |
| 09:20 | September 1, 2009 | December 31, 2009 | 5.25% | MUN |
| 09:19 | September 1, 2009 | December 31, 2009 | 5.25% | ID |
| 09:16 | May 1, 2009 | August 31, 2009 | 5.50% | MUN |
| 09:15 | May 1, 2009 | August 31, 2009 | 5.50% | ID |
| 08:26 | January 1, 2009 | April 30, 2009 | 6.50% | MUN |
| 08:27 | January 1, 2009 | April 30, 2009 | 6.50% | ID |
| 08:18 | September 1, 2008 | December 31, 2008 | 7.75% | MUN |
| 08:19 | September 1, 2008 | December 31, 2008 | 7.75% | ID |
| 08:11 | May 1, 2008 | August 31, 2008 | 8.25% | MUN |
| 08:12 | May 1, 2008 | August 31, 2008 | 8.25% | ID |
| 07:23 | January 1, 2008 | April 30, 2008 | 9.00% | MUN |
| 07:24 | January 1, 2008 | April 30, 2008 | 9.00% | ID |
| Top | ||||
| 07:18 | September 1, 2007 | December 31, 2007 | 9.25% | MUN |
| 07:19 | September 1, 2007 | December 31, 2007 | 9.25% | ID |
| 07:10 | May 1, 2007 | August 31, 2007 | 9.00% | MUN |
| 07:11 | May 1, 2007 | August 31, 2007 | 9.00% | ID |
| 06:22 | January 1, 2007 | April 30, 2007 | 9.00% | MUN |
| 06:23 | January 1, 2007 | April 30, 2007 | 9.00% | ID |
| 06:18 | September 1, 2006 | December 31, 2006 | 9.00% | MUN |
| 06:19 | September 1, 2006 | December 31, 2006 | 9.00% | ID |
| 06:13 | May 1, 2006 | August 31, 2006 | 8.50% | MUN |
| 06:14 | May 1, 2006 | August 31, 2006 | 8.50% | ID |
| 05:19 | January 1, 2006 | April 30, 2006 | 8.00% | MUN |
| 05:20 | January 1, 2006 | April 30, 2006 | 8.00% | ID |
| 05:15 | September 1, 2005 | December 31, 2005 | 7.25% | MUN |
| 05:16 | September 1, 2005 | December 31, 2005 | 7.25% | ID |
| 05:09 | May 1, 2005 | August 31, 2005 | 7.25% | MUN |
| 05:10 | May 1, 2005 | August 31, 2005 | 7.25% | ID |
| 04:19 | January 1, 2005 | April 30, 2005 | 7.25% | MUN |
| 04:20 | January 1, 2005 | April 30, 2005 | 7.25% | ID |
| 04:13 | September 1, 2004 | December 31, 2004 | 6.75% | MUN |
| 04:14 | September 1, 2004 | December 31, 2004 | 6.75% | ID |
| 04:08 | May 1, 2004 | August 31, 2004 | 7.00% | MUN |
| 04:09 | May 1, 2004 | August 31, 2004 | 7.00% | ID |
| 03:20 | January 1, 2004 | April 30, 2004 | 7.50% | MUN |
| 03:21 | January 1, 2004 | April 30, 2004 | 7.50% | ID |
| 03:17 | September 1, 2003 | December 31, 2003 | 7.75% | MUN |
| 03:18 | September 1, 2003 | December 31, 2003 | 7.75% | ID |
| 03:14 | May 1, 2003 | August 31, 2003 | 7.75% | MUN |
| 03:15 | May 1, 2003 | August 31, 2003 | 7.75% | ID |
| 02:29 | January 1, 2003 | April 30, 2003 | 7.50% | MUN |
| 02:30 | January 1, 2003 | April 30, 2003 | 7.50% | ID |
| 02:22 | September 1, 2002 | December 31, 2002 | 7.50% | MUN |
| 02:23 | September 1, 2002 | December 31, 2002 | 7.50% | ID |
| 02:16 | May 1, 2002 | August 31, 2002 | 6.75% | MUN |
| 02:17 | May 1, 2002 | August 31, 2002 | 6.75% | ID |
| Top | ||||
| 01:26 | January 1, 2002 | April 30, 2002 | 7.00% | MUN |
| 01:27 | January 1, 2002 | April 30, 2002 | 7.00% | ID |
| 01:21 | September 1, 2001 | December 31, 2001 | 9.00% | MUN |
| 01:23 | September 1, 2001 | December 31, 2001 | 9.00% | ID |
| 01:11 | May 1, 2001 | August 31, 2001 | 9.75% | MUN |
| 01:12 | May 1, 2001 | August 31, 2001 | 9.75% | ID |
| 00:44 | January 1, 2001 | April 30, 2001 | 10.50% | MUN |
| 00:45 | January 1, 2001 | April 30, 2001 | 10.50% | ID |
| 00:35 | September 1, 2000 | December 31, 2000 | 10.50% | MUN |
| 00:36 | September 1, 2000 | December 31, 2000 | 10.50% | ID |
| 00:21 | May 1, 2000 | August 31, 2000 | 10.00% | MUN |
| 00:22 | May 1, 2000 | August 31, 2000 | 10.00% | ID |
| 99:39 | January 1, 2000 | April 30, 2000 | 9.50% | MUN |
| 99:40 | January 1, 2000 | April 30, 2000 | 9.50% | ID |
| 99:25 | September 1, 1999 | December 31, 1999 | 9.25% | MUN |
| 99:26 | September 1, 1999 | December 31, 1999 | 9.25% | ID |
| 99:13 | May 1, 1999 | August 31, 1999 | 9.50% | MUN |
| 99:14 | May 1, 1999 | August 31, 1999 | 9.50% | ID |
| 98:30 | January 1, 1999 | April 30, 1999 | 9.75% | MUN |
| 98:31 | January 1, 1999 | April 30, 1999 | 9.75% | ID |
| 98:25 | September 1, 1998 | December 31, 1998 | 9.50% | MUN |
| 98:26 | September 1, 1998 | December 31, 1998 | 9.50% | ID |
| 98:15 | May 1, 1998 | August 31, 1998 | 9.50% | MUN |
| 98:16 | May 1, 1998 | August 31, 1998 | 9.50% | ID |
| 97:33 | January 1, 1998 | April 30, 1998 | 9.00% | MUN |
| 97:34 | January 1, 1998 | April 30, 1998 | 9.00% | ID |
| 97:29 | September 1, 1997 | December 31, 1997 | 7.75% | MUN |
| 97:30 | September 1, 1997 | December 31, 1997 | 7.75% | ID |
| 97:15 | May 1, 1997 | August 31, 1997 | 7.75% | MUN |
| 97:16 | May 1, 1997 | August 31, 1997 | 7.75% | ID |
| 96:30 | January 1, 1997 | April 30, 1997 | 7.75% | MUN |
| 96:39 | January 1, 1997 | April 30, 1997 | 7.75% | ID |
| 96:21 | September 1, 1996 | December 31, 1996 | 9.00% | MUN |
| 96:22 | September 1, 1996 | December 31, 1996 | 9.00% | ID |
| Top | ||||
| 96:14 | May 1, 1996 | August 31, 1996 | 9.75% | MUN |
| 96:15 | May 1, 1996 | August 31, 1996 | 9.75% | ID |
| 95:25 | January 1, 1996 | April 30, 1996 | 10.75% | MUN |
| 95:26 | January 1, 1996 | April 30, 1996 | 10.75% | ID |
| 95:18 | September 1, 1995 | December 31, 1995 | 11.25% | MUN |
| 95:19 | September 1, 1995 | December 31, 1995 | 11.25% | ID |
| 95:12 | May 1, 1995 | August 31, 1995 | 12.75% | MUN |
| 95:13 | May 1, 1995 | August 31, 1995 | 12.75% | ID |
| 94:41 | January 1, 1995 | April 30, 1995 | 11.00% | MUN |
| 94:42 | January 1, 1995 | April 30, 1995 | 11.00% | ID |
| 94:35 | September 1, 1994 | December 31, 1994 | 10.25% | MUN |
| 94:36 | September 1, 1994 | December 31, 1994 | 10.25% | ID |
| 94:21 | May 1, 1994 | August 31, 1994 | 9.75% | MUN |
| 94:22 | May 1, 1994 | August 31, 1994 | 9.75% | ID |
| 94:60 | January 1, 1994 | April 30, 1994 | 8.50% | MUN |
| 93:61 | January 1, 1994 | April 30, 1994 | 8.50% | ID |
| 93:35 | September 1, 1993 | December 31, 1993 | 8.75% | MUN |
| 93:36 | September 1, 1993 | December 31, 1993 | 8.75% | ID |
| 93:21 | May 1, 1993 | August 31, 1993 | 9.00% | MUN |
| 93:22 | May 1, 1993 | August 31, 1993 | 9.00% | ID |
| 92:46 | January 1, 1993 | April 30, 1993 | 11.50% | MUN |
| 92:44 | January 1, 1993 | April 30, 1993 | 11.50% | ID |
| 92:30 | October 1, 1992 | December 31, 1992 | 9.50% | MUN |
| 92:31 | September 1, 1992 | September 30, 1992 | 8.00% | ID |
| 92:20 | May 1, 1992 | August 31, 1992 | 9.50% | MUN |
| 92:21 | May 1, 1992 | August 31, 1992 | 9.50% | ID |
| 91:46 | January 1, 1992 | April 30, 1992 | 9.50% | MUN |
| 91:45 | January 1, 1992 | April 30, 1992 | 9.50% | ID |
| 91:35 | September 1, 1991 | December 31, 1991 | 11.25% | MUN |
| 91:36 | September 1, 1991 | December 31, 1991 | 11.25% | ID |
| 91:25 | May 1, 1991 | August 31, 1991 | 12.25% | MUN |
| 91:27 | May 1, 1991 | August 31, 1991 | 12.25% | ID |
| 90:62 | January 1, 1991 | April 30, 1991 | 14.75% | MUN |
| 90:61 | January 1, 1991 | April 30, 1991 | 14.75% | ID |
| 90:43 | September 1, 1990 | December 31, 1990 | 16.25% | MUN |
| 90:44 | September 1, 1990 | December 31, 1990 | 16.25% | ID |
| 90:12 | May 1, 1990 | August 31, 1990 | 15.75% | MUN |
| 90:20 | May 1, 1990 | August 31, 1990 | 15.75% | ID |
| Top | ||||
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