Tax Rates, Interest Rates and Revenues

Interest Rates

Interest rates apply to any amount:

  • you owe to the Ministry of Finance
  • the ministry owes to individuals and corporations.

By law, we reset the interest rates every three months.

Interest rates for April 1 to June 30, 2014

  • 6% on taxes you owe to the ministry
  • 0% on taxes you overpaid
  • 3% on taxes or refunds you are eligible for as a result of a successful appeal or objection
  • 3% on late International Fuel Tax Agreement payments
  • 3% on International Fuel Tax Agreement refunds the ministry has not paid you within 90 days

Learn more

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