Interest on Security Deposits

Government of Canada Lending Rates

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Pursuant to subsection 21(2) of the Financial Administration Act, the  Minister of Finance has approved the payment of interest on contractor's  security deposits paid into the Consolidated Revenue Fund at the rate set  out in P.C.1970-300. This rate is equal to 90% of the simple arithmetic  mean of the accepted bi-weekly three-month Treasury bill tender rates  for the month immediately preceding the month in respect of which  interest may be paid.  The rate so calculated is: 0.43 % per annum in respect of monies on deposit during the month of March 2017.  

2016-2017

  • 2016-04 = 0.42 %
  • 2016-05 = 0.45 %
  • 2016-06 = 0.49 %
  • 2016-07 = 0.47 %
  • 2016-08 = 0.44 %
  • 2016-09 = 0.46 %
  • 2016-10 = 0.47 %
  • 2016-11 = 0.45 %
  • 2016-12 = 0.44 %
  • 2017-01 = 0.44 %
  • 2017-02 = 0.42 %
  • 2017-03 = 0.43 %

Previous Rates: