C-81, r. 1 - Regulation respecting the application of the Public Curator Act

Section 13 Disposition versions

2012-09-01

13. The interest rate referred to in section 57 of the Act shall be calculated on the first day of each quarter as follows:

(1)  by establishing the simple arithmetic average of the basic rate for bank loans to firms published by the Bank of Canada on the last Wednesday of each month included in the 3-month period ending the second month of the previous quarter;

(2)  by rounding off the results obtained in paragraph 1 to the nearest whole unit, and a half to the whole unit preceding it;

(3)  by adding 2% to the results obtained in paragraph 2.

O.C. 361-90, s. 13.