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Payment on Due Date (PODD) Interest Rate

Interest rate applicable to Government of Canada's overdue suppliers accounts and accounts receivable

The interest rate used by the Public Works and Government Services Canada (PWGSC) Payment On Due Date (PODD) system to automatically calculate the interest on the Government of Canada's overdue suppliers accounts for the month of:

January 2001 is 9.00 %

This rate is based on the average Bank of Canada discount rate for the previous month plus 3 %. This same rate is also used by Departments of the Government of Canada to charge interest on overdue accounts receivable under the Interest and Administrative Charges Regulations.

Click here to see previous PODD Interest Rates
 

Reviewed: 2001 01 04 1 8ии O-Canada
Maintained by the
Government Operational Service (GOS)		 Important Notices