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Tax and Revenue Administration
Prescribed Interest Rates


Last Updated: June 4, 2015
Produced by: Alberta Treasury Board and Finance, Tax and Revenue Administration
For more information: tra.revenue@gov.ab.ca

Prescribed Interest Rates

Effective 12:01 a.m., February 10, 2010, the following rates apply:

If you require the interest rates for years prior to 2000, please email Tax and Revenue Administration at tra.revenue@gov.ab.ca.

The following table provides the prescribed debit (DR) and credit (CR) interest rates from 2007 to the current calendar year.

Year
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
2007
Rates
DR - 8.5%
CR - 2.5%
DR - 8.5%
CR - 2.5%
DR - 8.5%
CR - 2.5%
DR - 8.5%
CR - 2.5%
2008
Rates
DR - 7.5%
CR - 2%
DR - 7.5%
CR - 2%

DR - 6.5%
CR - 1.5%

DR - 6.5%
CR - 1.5%

2009
Rates
DR - 5.5%
CR - 1%
DR - 4.5%
CR - 0.5%
DR - 4.5%
CR - 0.5%

DR - 4.5%
CR - 0.5%

2010
Rates
DR - 4.5%
CR - 0.5%
DR - 4.5%
CR - 0.5%
DR - 4.5%
CR - 0.5%

DR - 4.5%
CR - 0.5%

2011
Rates
DR - 4.5%
CR - 0.5%

DR - 4.5%
CR - 0.5%

DR - 4.5%
CR - 0.5%

DR - 4.5%
CR - 0.5%

2012
Rates
DR - 4.5%
CR - 0.5%
DR - 4.5%
CR - 0.5%
DR - 4.5%
CR - 0.5%
DR - 4.5%
CR - 0.5%

2013
Rates

DR - 4.5%
CR - 0.5%
DR - 4.5%
CR - 0.5%
DR - 4.5%
CR - 0.5%
DR - 5.5%
CR - 1.0%
2014
Rates
DR - 4.5%
CR - 0.5%
DR - 4.5%
CR - 0.5%
DR - 4.5%
CR - 0.5%
DR - 4.5%
CR - 0.5%
2015
Rates
DR - 4.5%
CR - 0.5%
DR - 4.5%
CR - 0.5%
DR - 4.5%
CR - 0.5%
 

NOTE:

  • Debit interest rates apply to programs under the Alberta corporate tax, fuel tax, tobacco tax and tourism levy acts, and the health cost recovery program. Credit interest rates apply only to programs under the Alberta Corporate Tax Act.
  • For the International Fuel Tax Agreement (IFTA) program, debit interest is charged at the Treasury Bill rate plus two per cent. The debit interest rate for IFTA for the third quarter of 2015 is three per cent.

The following table provides the prescribed interest rates for the 2000 to 2006 calendar years.

Year
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
2000
Rates
DR - 8.5%
CR - 2.5%
DR - 9.5%
CR - 3%
DR - 9.5%
CR - 3%
DR - 9.5%
CR - 3%
2001
Rates
DR - 9.5%
CR - 3%
DR - 9.5%
CR - 3%
DR - 8.5%
CR - 2.5%
DR - 8.5%
CR - 2.5%
2002
Rates
DR - 6.5%
CR - 1.5%
DR - 5.5%
CR - 1%
DR - 6.5%
CR - 1.5%
DR - 6.5%
CR - 1.5%
2003
Rates
DR - 6.5%
CR - 1.5%
DR - 6.5%
CR - 1.5%
DR - 7.5%
CR - 2%
DR - 6.5%
CR - 1.5%
2004
Rates
DR - 6.5%
CR - 1.5%
DR - 6.5%
CR - 1.5%
DR - 5.5%
CR - 1%
DR - 6.5%
CR - 1.5%
2005
Rates
DR - 6.5%
CR - 1.5%
DR - 6.5%
CR - 1.5%
DR - 6.5%
CR - 1.5%  
DR - 6.5%
CR - 1.5% 
2006
Rates
DR - 6.5%
CR - 1.5%
DR - 7.5%
CR - 2%
DR - 7.5%
CR - 2 %
DR - 8.5%
CR - 2.5%

 

 



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