ON – Interest Rates—2011

The province of Ontario charges and pays interest on underpayments and overpayments of tax at rates prescribed by statute and set at the beginning of each calendar quarter. The chart below sets out the rates charged and paid for in the first half of 2011.

Effective

Interest Rate (%)

Overpayments

Underpayments

IFTA

From

To

General

Appeals

January 1, 2011

March 31, 2011

0

3

6

3

    April 1, 2011

June 30, 2011

0

3

6

3

 

 

A listing of rates since 1983 and links to an outline of the statutes under which those rates are levied and paid can be found on the Ontario Finance Web site at http://www.rev.gov.on.ca/en/rates/interest/index.html.

 

 

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