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Infrastructure &
Finance Division
 

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 655 and 660 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        

17:11

July 1, 2017  September 30, 2017 5.70% MUN

17:12

July 1, 2017  September 30, 2017 5.70% ID
17:08 April 1, 2017 June 30, 2017 5.70% MUN
17:09 April 1, 2017 June 30, 2017 5.70% ID

16:16

January 1, 2017  April 30, 2017 5.70% MUN

16:17

January 1, 2017  April 30, 2017 5.70% ID
16:12 September 1, 2016 December 31, 2016 5.70% MUN
16:11 September 1, 2016 December 31, 2016 5.70% ID

16:08

May 1, 2016  August 31, 2016 5.70% ID

16:07

May 1, 2016  August 31, 2016 5.70% MUN
15:16 January 1, 2016 April 30, 2016 5.70% MUN
15:17 January 1, 2016 April 30, 2016 5.70% ID
15:12 September 1, 2015 December 31, 2015 5.70% MUN
15:13 September 1, 2015 December 31, 2015 5.70% ID
15:09 May 1, 2015 August 31, 2015 5.85% ID
15:08 May 1, 2015 August 31, 2015 5.85% MUN
14:15 January 1, 2015 April 30, 2015 6.00% ID
14:14 January 1, 2015 April 30, 2015 6.00% MUN
14:12 September 1, 2014 December 31, 2014 6.00% ID
14:11 September 1, 2014 December 31, 2014 6.00% MUN
14:09 May 1, 2014 August 31, 2014 6.00% ID
14:08 May 1, 2014 August 31, 2014 6.00% MUN
13:15 January 1, 2014 April 30, 2014 6.00% MUN
13:14 January 1, 2014 April 30, 2014 6.00% ID
13:12 September 1, 2013 December 31, 2013 6.00% MUN
13:11 September 1, 2013 December 31, 2013 6.00% ID
13:09 May 1, 2013 August 31, 2013 6.00% MUN
13:08 May 1, 2013 August 31, 2013 6.00% ID
12:18 January 1, 2013 April 30, 2013 6.00% ID
12:19 January 1, 2013 April  30, 2013 6.00% MUN
12:15 September 1, 2012 December 31, 2012 6.00% MUN
12:14 September 1, 2012 December 31, 2012 6.00% ID
12:09 May 1, 2012 August 31, 2012 6.00% MUN
12:10 May 1, 2012 August 31, 2012 6.00% ID
11:17 January 1, 2012 April 30, 2012 6.00% MUN
11:16 January 1, 2012 April 30, 2012 6.00% ID
11:13 September 1, 2011 December 31, 2011 6.00% MUN
11:12 September 1, 2011 December 31, 2011 6.00% ID
11:07 May 1, 2011 August 31, 2011 6.00% MUN
11:08 May 1, 2011 August 31, 2011 6.00% ID
10:18 January 1, 2011 April 30, 2011 6.00% MUN
10:17 January 1, 2011 April 30, 2011 6.00% ID
10:11 September 1, 2010 December 31, 2010 5.75% MUN
10:12 September 1, 2010 December 31, 2010 5.75% ID
10:09 May 1, 2010 August 31, 2010 5.25% MUN
10:08 May 1, 2010 August 31, 2010 5.25% ID
09:24 January 1, 2010 April 30, 2010 5.25% MUN
09:23 January 1, 2010 April 30, 2010 5.25% ID
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
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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
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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
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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
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