Interest rates

As of July 1, 2006, interest charged on overdue Crown timber charges is a floating rate tied to the Bank of Canada Prime Rate. The rate is calculated quarterly.

2026–2027 interest rates

  • April 1, 2026–June 30, 2026: 7%
  • July 1, 2025–September 30, 2026: 7%

2025–2026 interest rates

  • April 1, 2025–June 30, 2025: 8%
  • July 1, 2025–September 30, 2025: 8%
  • October 1, 2025–December 31, 2025: 8%
  • January 1, 2026–March 31, 2026: 8%

2024–2025 interest rates

  • April 1, 2024–June 30, 2024: 10%
  • July 1, 2024–September 30, 2024: 10%
  • October 1, 2024–December 31, 2024: 10%
  • January 1, 2025–March 31, 2025: 9%

2023–2024 interest rates

  • April 1, 2023–June 30, 2023: 9%
  • July 1, 2023–September 30, 2023: 10%
  • October 1, 2023–December 31, 2023: 10%
  • January 1, 2024–March 31, 2024: 10%

2022–23 interest rates

  • April 1, 2022–June 30, 2022: 5%
  • July 1, 2022–September 30, 2022: 6%
  • October 1, 2022–December 31, 2022: 7%
  • January 1, 2023–March 31, 2023: 8%

2021–22 interest rates

  • April 1, 2021–June 30, 2021: 5%
  • July 1, 2021–September 30, 2021: 5%
  • October 1, 2021–December 31, 2021: 5%
  • January 2, 2022–March 31, 2022: 5%