Interest Rates (Excise Tax Act) Regulations
Version of section 2 from 2006-09-28 to 2008-02-06:
Marginal note:General rates
2 For the purposes of the Act, the prescribed rate of interest in effect during a particular quarter is
(a) in the case of interest to be paid to the Receiver General, the sum of the basic rate in respect of the particular quarter and 4%;
(b) in the case of interest to be paid or applied on an amount payable by the Minister to a person, the sum of the basic rate in respect of the particular quarter and 2%;
(c) in any other case, the basic rate in respect of the particular quarter.
- Date modified: