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Tax and Revenue Administration
Prescribed Interest Rates


Last Updated: September 1, 2009
Produced by: Alberta Finance and Enterprise, Tax and Revenue Administration
For more information: tra.revenue@gov.ab.ca

Prescribed Interest Rates

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 for the 2007 to 2009 calendar years.

Year
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
2007
Rates
DR - 8.5%
CR - 5%
DR - 8.5%
CR - 5%
DR - 8.5%
CR - 5% 
DR - 8.5%
CR - 5%
2008
Rates
DR - 7.5%
CR - 4%
DR - 7.5%
CR - 4%

DR - 6.5%
CR - 3%  

DR - 6.5%
CR - 3%  

2009
Rates
DR - 5.5%
CR - 2%
DR - 4.5%
CR - 1%
DR - 4.5%
CR - 1%

DR - 4.5%
CR - 1%

NOTE:

  • Credit interest applies only to programs under the Alberta Corporate Tax Act.
  • For the International Fuel Tax Agreement (IFTA) program, debit interest is charged at the credit (CR) rate plus two per cent, effective October 1, 1999. Prior to October 1, 1999, debit interest under IFTA was charged at the credit (CR) rate. The debit interest rate for IFTA for the fourth quarter of 2009 is 3 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 - 7%
DR - 9%
CR - 7%
DR - 9%
CR - 7%
DR - 8.5%
CR - 5%
2000
Rates
DR - 8.5%
CR - 5%
DR - 9.5%
CR - 6%
DR - 9.5%
CR - 6%
DR - 9.5%
CR - 6%
2001
Rates
DR - 9.5%
CR - 6%
DR - 9.5%
CR - 6%
DR - 8.5%
CR - 5%
DR - 8.5%
CR - 5%
2002
Rates
DR - 6.5%
CR - 3%
DR - 5.5%
CR - 2%
DR - 6.5%
CR - 3%
DR - 6.5%
CR - 3%
2003
Rates
DR - 6.5%
CR - 3%
DR - 6.5%
CR - 3%
DR - 7.5%
CR - 4%
DR - 6.5%
CR - 3%
2004
Rates
DR - 6.5%
CR - 3%
DR - 6.5%
CR - 3%
DR - 5.5%
CR - 2%
DR - 6.5%
CR - 3%
2005
Rates
DR - 6.5%
CR - 3%
DR - 6.5%
CR - 3%
DR - 6.5%
CR - 3%  
DR - 6.5%
CR - 3% 
2006
Rates
DR - 6.5%
CR - 3%
DR - 7.5%
CR - 4%
DR - 7.5%
CR - 4 %
DR - 8.5%
CR - 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
11%
10%
9%
8%
1993
Rates
10%
9%
8%
7%
1994
Rates
7%
6%
8%
9%
1995
Rates
8%
10%
DR - 13%
CR - 11%
DR - 11%
CR - 9%
1996
Rates
DR - 11%
CR - 9%
DR - 10%
CR - 8%
DR - 9%
CR - 7%
DR - 9%
CR - 7%
1997
Rates
DR - 8%
CR - 6%
DR - 7%
CR - 5%
DR - 8%
CR - 6%
DR - 8%
CR - 6%
1998
Rates
DR - 8%
CR - 6%
DR - 9%
CR - 7%
DR - 9%
CR - 7%
DR - 9%
CR - 7% 

 



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