Search Results | Clear Search | Previous (in doc) | Next (in doc) | Prev Doc | Next Doc

"Point in Time" Regulation Content

Assessment Authority, Carbon Tax, Consumption Tax Rebate and Transition, Employer Health Tax, Forest, Gaming Control, Hotel Room Tax, Insurance Premium Tax, Logging Tax, Motor Fuel Tax, Police, Provincial Sales Tax, School, Social Service Tax, South Coast British Columbia Transportation Authority, Speculation and Vacancy Tax, Succession Duty Repeal, Taxation (Rural Area) and Tobacco Tax Acts

Interest Rate under Various Statutes Regulation

B.C. Reg. 386/92

NOTE: Links below go to regulation content as it was prior to the changes made on the effective date. (PIT covers changes made from September 19, 2009 to "current to" date of the regulation.)
SECTIONEFFECTIVE DATE
Title January 1, 2017
Section 1 May 1, 2010
July 1, 2010
April 1, 2013
January 1, 2017
January 1, 2019
April 1, 2019
Section 3 March 1, 2017
Section 5 January 1, 2023
[retro from October 23, 2023]
Section 7 December 10, 2018

 Authority for this regulation was added under the "Liquefied Natural Gas Income Tax Act" by BC Reg 101/2015, effective January 1, 2017.

 Section 1 (part) BEFORE amended by BC Reg 112/2010, effective May 1, 2010.

1  The rate of interest under the Forest Act, Gaming Control Act, Hotel Room Tax Act, Insurance Premium Tax Act, Logging Tax Act, Social Service Tax Act, Succession Duty Repeal Act, S.B.C. 1977, c. 20, Tobacco Tax Act or Carbon Tax Act is

 Section 1 (part) BEFORE amended by BC Reg 216/2010, effective July 1, 2010.

1  The rate of interest under the Forest Act, Gaming Control Act, Hotel Room Tax Act, Insurance Premium Tax Act, Logging Tax Act, Social Service Tax Act, Succession Duty Repeal Act, S.B.C. 1977, c. 20, Tobacco Tax Act, Carbon Tax Act or Consumption Tax Rebate and Transition Act is

 Section 1 (part) BEFORE amended by BC Reg 91/2013, effective April 1, 2013.

1  The rate of interest under the Forest Act, Gaming Control Act, Hotel Room Tax Act, Insurance Premium Tax Act, Logging Tax Act, Social Service Tax Act, Succession Duty Repeal Act, S.B.C. 1977, c. 20, Tobacco Tax Act, Carbon Tax Act, Consumption Tax Rebate and Transition Act or Part 7.1 of the South Coast British Columbia Transportation Authority Act is

 Section 1 (part) BEFORE amended by BC Reg 101/2015, effective January 1, 2017.

1   The rate of interest under the Forest Act, Gaming Control Act, Hotel Room Tax Act, Insurance Premium Tax Act, Logging Tax Act, Social Service Tax Act, Succession Duty Repeal Act, S.B.C. 1977, c. 20, Tobacco Tax Act, Carbon Tax Act, Consumption Tax Rebate and Transition Act, Provincial Sales Tax Act, or Part 7.1 of the South Coast British Columbia Transportation Authority Act is

 Section 1 (part) BEFORE amended by BC Reg 268/2018, effective January 1, 2019.

1   The rate of interest under the Forest Act, Gaming Control Act, Hotel Room Tax Act, Insurance Premium Tax Act, Logging Tax Act, Social Service Tax Act, Succession Duty Repeal Act, S.B.C. 1977, c. 20, Tobacco Tax Act, Carbon Tax Act, Consumption Tax Rebate and Transition Act, Provincial Sales Tax Act, Liquefied Natural Gas Income Tax Act or Part 7.1 of the South Coast British Columbia Transportation Authority Act is

 Section 1 (part) BEFORE amended by BC Reg 66/2019, effective April 1, 2019.

1   The rate of interest under the Employer Health Tax Act, Forest Act, Gaming Control Act, Hotel Room Tax Act, Insurance Premium Tax Act, Logging Tax Act, Social Service Tax Act, Succession Duty Repeal Act, S.B.C. 1977, c. 20, Tobacco Tax Act, Carbon Tax Act, Consumption Tax Rebate and Transition Act, Provincial Sales Tax Act, Liquefied Natural Gas Income Tax Act or Part 7.1 of the South Coast British Columbia Transportation Authority Act is

 Section 3 BEFORE amended by BC Reg 73/2017, effective March 1, 2017.

Interest rate re Taxation (Rural Area) Act

3   The rate of interest under section 11 (3) of the Taxation (Rural Area) Act is

(a) during

(i) the period July 1, 1983 until August 31, 1983, 1 1/2% above the prime lending rate of the principal banker to the Province on June 15, 1983, and

(ii) during each successive period beginning on September 1, January 1 and May 1 in every year, 1 1/2% above the prime lending rate of the principal banker to the Province on the 15th day of the month immediately preceding that 4 month period, and

(b) during each successive period beginning on January 1, May 1 and September 1 in every year, commencing October 1, 1992, 3% above the prime lending rate of the principal banker to the Province on the 15th day of the month immediately preceding that period.

 Section 5 BEFORE re-enacted by BC Reg 224/2023, effective January 1, 2023 [retro from October 23, 2023].

Interest rate re Motor Fuel Tax Act

5   The rate of interest under section 48 of the Motor Fuel Tax Act shall be

(a) for tax due on purchases or use of fuel by licensed carriers, as that term is defined in that Act, at a rate equal to the Canadian Federal Treasury Bill rate plus 2% and adjusted every calendar quarter, and

(b) for all other amounts due under that Act, at the rate established under section 1 of this regulation.

[en. B.C. Reg. 550/95, s. 2 (b); am. B.C. Regs. 77/98, s. 4; 347/2002, s. 2; 126/2008, s. 4 (b).]

 Section 7 was enacted by BC Reg 276/2018, effective December 10, 2018.