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Tax and Revenue Administration
Prescribed Interest Rates


Last Updated: December 10, 2014
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 1992, please contact Tax and Revenue Administration at 780-427-3044 (call 310-0000 then enter 780-427-3044 for Alberta toll free).

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%
     

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 first quarter of 2015 is three per cent.

The following table provides the prescribed interest rates for the 1999 to 2006 calendar years.

Year
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
1999
Rates
DR - 9%
CR - 3.5%
DR - 9%
CR - 3.5%
DR - 9%
CR - 3.5%
DR - 8.5%
CR - 2.5%
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%

The following table provides the prescribed  interest rates for the 1992 to 1998 calendar years. 

Year
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
1992
Rates

DR - 11%
CR - 5.5%

DR - 10%
CR - 5%

DR - 9%
CR - 4.5%

DR - 8%
CR - 4%
1993
Rates
DR - 10%
CR - 5%

DR - 9%
CR - 4.5%

DR - 8%
CR - 4%
DR - 7%
CR - 3.5%
1994
Rates
DR - 7%
CR - 3.5%
DR - 6%
CR - 3%
DR - 8%
CR - 4%
DR - 9%
CR - 4.5%
1995
Rates
DR - 8%
CR - 4%
DR - 10%
CR - 5%
DR - 13%
CR - 5.5%
DR - 11%
CR - 4.5%
1996
Rates
DR - 11%
CR - 4.5%
DR - 10%
CR - 4%
DR - 9%
CR - 3.5%
DR - 9%
CR - 3.5%
1997
Rates
DR - 8%
CR - 3%
DR - 7%
CR - 2.5%
DR - 8%
CR - 3%
DR - 8%
CR - 3%
1998
Rates
DR - 8%
CR - 3%
DR - 9%
CR - 3.5%
DR - 9%
CR - 3.5%
DR - 9%
CR - 3.5%

 



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