Interest rates

Interest rates under Section 28 of the Tax Administration Act, RSQ, c.A-6.002. This is the interest that runs on any debt you owe to the Government of Quebec. Similarly, if you obtain a judgment for a sum of money against your debtor (or he obtains a judgment against you, as your creditor!), this is the "additional indemnity" interest which may be stipulated in your judgment, to ensure you are able to execute your judgment (or that the judgment may be executed against you) with interest beyond the simple 5% standard from the Civil Code of Québec.

The current interest rate as of October 1st 2011 is 6%. A new interest rate is fixed every three months, starting on January 1st.

Date           Rate
Dec 13 1972 8%
May 1 1977 10%
Apr 1 1980 15%
Jan 1 1982 19%
Jan 1 1983 16%
May 1 1983 15%
Jan 1 1984 14%
Jul 1 1985 12%
Apr 1 1987 11%
Jul 1 1988 12%
Nov 1 1988 13%
Jan 1 1989 14%
Jul 1 1989 15%
Apr 1 1990 16%
Jul 1 1990 17%
Jan 1 1991 16%
Apr 1 1991 14%
Jul 1 1991 13%
Oct 1 1991 12%
Jan 1 1992 11%
Apr 1 1992 10%
Oct 1 1992 9%
Jan 1 1993 10%
Apr 1 1993 9%
Jul 1 1993 8%
Apr 1 1994 7%
Jul 1 1994 9%
Oct 1 1994 10%
Jan 1 1995 9%
Apr 1 1995 11%
Jul 1 1995 12%
Oct 1 1995 10%
Apr 1 1996 9%
Jul 1 1996 10%
Oct 1 1996 9%
Jan 1 1997 8%
Apr 1 1997 8%
Jul 1 1997 8%
Oct 1 1997 8%
Jan 1 1998 8%
Apr 1 1998 9%
Jul 1 1998 9%
Oct 1 1998 9%
Jan 1 1999 10%
Apr 1 1999 10%
Jul 1 1999 9%
Oct 1 1999 9%
Jan 1 2000 9%
Apr 1 2000 10%
Jul 1 2000 10%
Oct 1 2000 10%
Jan 1 2001 10%
Apr 1 2001 10%
Jul 1 2001 10%
Oct 1 2001 9%
Jan 1 2002 8%
Apr 1 2002 7%
Jul 1 2002 7%
Oct 1 2002 7%
Jan 1 2003 7%
Apr 1 2003 7%
Jul 1 2003 8%
Oct 1 2003 8%
Jan 1 2004 7%
Apr 1 2004 7%
Jul 1 2004 7%
Oct 1 2004 7%
Jan 1 2005 7%
Apr 1 2005 7%
Jul 1 2005 7%
Oct 1 2005 7%
Jan 1 2006 8%
Apr 1 2006 8%
Jul 1 2006 9%
Oct 1 2006 9%
Jan 1 2007 9%
Apr 1 2007 9%
Jul 1 2007 9%
Oct 1 2007 9%
Jan 1 2008 9%
Apr 1 2008 9%
Jul 1 2008 8%
Oct 1 2008 8%
Jan 1 2009 7%
Apr 1 2009 6%
Jul 1 2009 5%
Oct 1 2009 5%
Jan 1 2010 5%
Apr 1 2010 5%
Jul 1 2010 5%
Oct 1 2010 6%
Jan 1 2011 6%
Apr 1 2011 6%
Jul 1 2011 6%
Oct 1 2011 6%