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Interest rates on debts

Interest is capitalized daily on amounts owing.

The interest rate that applies to amounts owed to Revenu Québec is determined on the basis of the mean of the base rates for bank loans to businesses. These rates are published by the Bank of Canada on the last Wednesday of the second month of each quarter and take effect the following quarter. The result is rounded off to the nearest whole number (with one-half being rounded down), and increased by 3%.

Interest rates on debts
Period Rate in effect 
April 1 – June 30, 2012 6%
January 1 – March 31, 2012 6%
October 1 – December 31, 2011 6%
July 1 – September 30, 2011 6%
April 1 – June 30, 2011 6%
January 1 – March 31, 2011 6%
October 1 – December 31, 2010 6%
July 1 – September 30, 2010 5%
April 1 – June 30, 2010 5%
January 1 – March 31, 2010 5%
October 1 – December 31, 2009 5%
July 1 – September 30, 2009 5%
April 1 – June 30, 2009 6%
January 1 – March 31, 2009 7%
October 1 – December 31, 2008 8%
July 1 – September 30, 2008 8%
April 1 – June 30, 2008 9%
January 1 – March 31, 2008 9%
October 1 – December 31, 2007 9%
July 1 – September 30, 2007 9%
April 1 – June 30, 2007 9%
January 1 – March 31, 2007 9%
October 1 – December 31, 2006 9%
July 1 – September 30, 2006 9%
April 1 – June 30, 2006 8%
January 1 – March 31, 2006 8%
October 1 – December 31, 2005 7%
July 1 – September 30, 2005 7%
April 1 – June 30, 2005 7%
January 1 – March 31, 2005 7%
October 1 – December 31, 2004 7%
July 1 – September 30, 2004 7%
April 1 – June 30, 2004 7%
January 1 – March 31, 2004 7%
October 1 – December 31, 2003 8%
July 1 – September 30, 2003 8%
April 1 – June 30, 2003 7%
January 1 – March 31, 2003 7%
October 1 – December 31, 2002 7%
July 1 – September 30, 2002 7%
April 1 – June 30, 2002 7%
Interest rates respecting debts for the five years prior to 2002
Period Rate in effect
January 1 – March 31, 2002 8%
October 1 – December 31, 2001 9%
July 1 – September 30, 2001 10%
April 1 – June 30, 2001 10%
January 1 – March 31, 2001 10%
October 1 – December 31, 2000 10%
July 1 – September 30, 2000 10%
April 1 – June 30, 2000 10%
January 1 – March 31, 2000 9%
October 1 – December 31, 1999 9%
July 1 – September 30, 1999 9%
April 1 – June 30, 1999 10%
January 1 – March 31, 1999 10%
October 1 – December 31, 1998 9%
July 1 – September 30, 1998 9%
April 1 – June 30, 1998 9%
January 1 – March 31, 1998 8%
October 1 – December 31, 1997 8%
July 1 – September 30, 1997 8%
April 1 – June 30, 1997 8%
Penalties and Interest
Last Updated: 2012-04-02