An Act to amend the Criminal Code (criminal interest rate): YB421-237/1-PDF

Loi modifiant le Code criminel (taux d’intérêt criminel) /

"This enactment amends the Criminal Code to reduce the criminal rate of interest from sixty per cent to the Bank of Canada’s overnight rate plus twenty per cent on credit advanced for certain purposes, which would include personal, family and household purposes. It maintains the criminal rate at sixty per cent on credit advanced for business or commercial purposes. However, business or commercial agreements under which the credit advanced equals or exceeds one million dollars are exempt from the offence of charging a criminal rate of interest"--Summary, p. ii.

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Department/Agency Parliament. Senate.
Title An Act to amend the Criminal Code (criminal interest rate)
Subtitle Loi modifiant le Code criminel (taux d’intérêt criminel) /
Series Title Bill S-... ;
Publication Type Series - View Master Record
Language Bilingual-[English | French]
Format Electronic
Electronic Document

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Note Cover title. "First reading, March 9, 2017." Senate public bill, sponsor: Sen. Pierrette Ringuette.
Date 2017.
Number of Pages ii, 2, 1 p.
Catalogue Number
  • YB421-237/1-PDF
Subject Terms Interest rates, Criminal code, Legislation