|
Tax
and Revenue Administration
Prescribed
Interest Rates |
| Last Updated: |
June 7, 2013 |
| 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 for the 2007 to 2012 calendar years.
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% |
|
|
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% |
|
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% |
|
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 2013 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 - 10%
CR -
5% |
|
DR - 8%
CR - 4% |
1993
Rates |
DR - 10%
CR -
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% |
|
1998
Rates |
DR
- 8%
CR - 3% |
|
DR
- 9%
CR - 3.5% |
DR
- 9%
CR - 3.5% |
|
