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Interest rates on refunds

Interest is capitalized daily on refunds granted under Québec tax laws.

Up to December 31, 1999, the interest rate applicable to refunds payable by Revenu Québec corresponded to the rate on Québec Savings Bonds in effect on the first day of the third month of the preceding quarter, as published in the Gazette officielle du Québec.

Since January 1, 2000, the interest rate applicable to refunds is the same, for each quarter, as the rate in effect on the first day of the third month of the preceding quarter, with respect to the most recent issue of Québec Savings Bonds.

Interest rates on refunds
Period Rate in effect
April 1 – June 30, 2012 1.50%
January 1 – March 31, 2012 1.50%
October 1 – December 31, 2011 1.50%
July 1 – September 30, 2011 1.50%
April 1 – June 30, 2011 1.25%
January 1 – March 31, 2011 1.25%
October 1 – December 31, 2010 1.25%
July 1 – September 30, 2010 1.25%
April 1 – June 30, 2010 1.15%
January 1 – March 31, 2010 1.15%
October 1 – December 31, 2009 1.15%
July 1 – September 30, 2009 1.15%
April 1 – June 30, 2009 2.75%
January 1 – March 31, 2009 2.75%
October 1 – December 31, 2008 2.75%
July 1 – September 30, 2008 2.75%
April 1 – June 30, 2008 3.75%
January 1 – March 31, 2008 3.75%
October 1 – December 31, 2007 3.75%
July 1 – September 30, 2007 3.50%
April 1 – June 30, 2007 3.25%
January 1 – March 31, 2007 3.25%
October 1 – December 31, 2006 3.25%
July 1 – September 30, 2006 3.25%
April 1 – June 30, 2006 2%
January 1 – March 31, 2006 2%
October 1 – December 31, 2005 1.55%
July 1 – September 30, 2005 1.55%
April 1 – June 30, 2005 1.65%
January 1 – March 31, 2005 1.50%
October 1 – December 31, 2004 1.25%
July 1 – September 30, 2004 1.25%
April 1 – June 30, 2004 2%
January 1 – March 31, 2004 2%
October 1 – December 31, 2003 2%
July 1 – September 30, 2003 2%
April 1 – June 30, 2003 2%
January 1 – March 31, 2003 2%
October 1 – December 31, 2002 1.35%
July 1 – September 30, 2002 1.35%
April 1 – June 30, 2002 3.35%
Interest rates respecting refunds for the five years prior to 2002
Period Rate in effect
January 1 – March 31, 2002 3.35%
October 1 – December 31, 2001 3.35%
July 1 – September 30, 2001 3.35%
April 1 – June 30, 2001 4.85%
January 1 – March 31, 2001 4.85%
October 1 – December 31, 2000 4.75%
July 1 – September 30, 2000 4.75%
April 1 – June 30, 2000 4.40%
January 1 – March 31, 2000 4.40%
October 1 – December 31, 1999 4.25%
July 1 – September 30, 1999 3.85%
April 1 – June 30, 1999 4.25%
January 1 – March 31, 1999 4.25%
October 1 – December 31, 1998 4%
July 1 – September 30, 1998 4%
April 1 – June 30, 1998 3.25%
January 1 – March 31, 1998 3.25%
October 1 – December 31, 1997 3.25%
July 1 – September 30, 1997 3.25%
April 1 – June 30, 1997 4.5%
Penalties and Interest
Last Updated: 2012-04-02