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Interest Rates (Excise Tax Act) Regulations

Version of section 2 from 2010-07-12 to 2023-01-11:


Marginal note:General rates

 For the purposes of the Act, the prescribed rate of interest in effect during a particular quarter is

  • (a) in the case of interest to be paid to the Receiver General, the sum of the basic rate in respect of the particular quarter and 4%;

  • (b) in the case of interest to be paid or applied on an amount payable by the Minister to a person (other than a corporation), the sum of the basic rate in respect of the particular quarter and 2%;

  • (b.1) in the case of interest to be paid or applied on an amount payable by the Minister to a corporation, the basic rate in respect of the particular quarter; and

  • (c) in any other case, the sum of the basic rate in respect of the particular quarter and 4%.

  • SOR/2008-36, s. 1
  • 2010, c. 12, s. 94
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