Postjudgment and Prejudgment Interest Rates

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Courts of Justice Act, s.127
Postjudgement and Prejudgement Interest Rates

Please note that effective October 1, 2007, postjudgment and prejudgment interest rates will be published on the Ministry’s website pursuant to O. Reg. 339/07.

  1. Postjudgment interest rates (and prejudgment interest rates for causes of action arising on or before October 23, 1989) are as follow:
    Postjudgment interest rates (and prejudgment interest rates for causes of action arising on or before October 23, 1989)
    1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
    1985 12.0% 13.0% 11.0% 11.0%
    1986 11.0% 13.0% 10.0% 10.0%
    1987 10.0% 9.0% 10.0% 11.0%
    1988 10.0% 10.0% 11.0% 12.0%
    1989 13.0% 13.0% 14.0% 14.0%
    1990 14.0% 15.0% 15.0% 14.0%
    1991 14.0% 11.0% 11.0% 10.0%
    1992 9.0% 9.0% 8.0% 7.0%
    1993 10.0% 8.0% 7.0% 6.0%
    1994 6.0% 6.0% 8.0% 7.0%
    1995 8.0% 10.0% 9.0% 8.0%
    1996 8.0% 7.0% 6.0% 6.0%
    1997 5.0% 5.0% 5.0% 5.0%
    1998 5.0% 6.0% 6.0% 7.0%
    1999 7.0% 7.0% 6.0% 6.0%
    2000 6.0% 7.0% 7.0% 7.0%
    2001 7.0% 7.0% 6.0% 6.0%
    2002 4.0% 4.0% 4.0% 4.0%
    2003 4.0% 4.0% 5.0% 5.0%
    2004 4.0% 4.0% 4.0% 4.0%
    2005 4.0% 4.0% 4.0% 4.0%
    2006 5.0% 5.0% 6.0% 6.0%
    2007 6.0% 6.0% 6.0% 6.0%
    2008 6.0% 6.0% 5.0% 5.0%
    2009 4.0% 3.0% 2.0% 2.0%
    2010 2.0% 2.0% 2.0% 2.0%
    2011 3.0% 3.0% 3.0% 3.0%
    2012 3.0% 3.0% 3.0% 3.0%
    2013 3.0% 3.0% 3.0% 3.0%
    2014 3.0% 3.0% 3.0% 3.0%
    2015 3.0% 2.0% 2.0% 2.0%
    2016 2.0% 2.0% 2.0% 2.0%

    This table shows the postjudgment interest rates for orders made in the quarters indicated. This table also shows the prejudgment interest rates for actions commenced in the quarters indicated in respect of causes of action arising on or before October 23, 1989.

    For proceedings commenced before January 1, 1985, the postjudgment interest rate is the prime bank rate, which is published in the Bank of Canada Review. The rate can be found from either the back copies of the Bank of Canada Review or by calling the Bank of Canada. The rates are also reproduced in the 1987 to 1991 editions of Carthy Millar Cowan's Ontario Annual Practice (published by Canada Law Book Inc.) or in the 1985-1990 editions of Watson and McGowan's Supreme and District Court Practice (published by Thomson Carswell) following the text of section 138 of the Judicature Act.

  2. Prejudgment interest rates for causes of action arising after October 23, 1989 are as follows:
    Prejudgment interest rates for causes of action arising after October 23, 1989
    1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
    1989 12.4%
    1990 12.5% 13.5% 13.9% 12.9%
    1991 12.3% 10% 9.1% 8.8%
    1992 7.7% 7.5% 6.3% 5.1%
    1993 8.3% 6.1% 5.1% 5.0%
    1994 4.3% 4.1% 6.6% 5.6%
    1995 6.0% 8.0% 7.6% 6.6%
    1996 6.1% 5.6% 5.0% 4.3%
    1997 3.3% 3.3% 3.3% 3.5%
    1998 4.0% 5.0% 5.0% 6.0%
    1999 5.3% 5.3% 4.8% 4.8%
    2000 5.0% 5.3% 6.0% 6.0%
    2001 6.0% 5.8% 4.8% 4.3%
    2002 2.5% 2.3% 2.5% 3.0%
    2003 3.0% 3.0% 3.5% 3.3%
    2004 3.0% 2.8% 2.3% 2.3%
    2005 2.8% 2.8% 2.8% 2.8%
    2006 3.3% 3.8% 4.5% 4.5%
    2007 4.5% 4.5% 4.5% 4.8%
    2008 4.8% 4.3% 3.3% 3.3%
    2009 2.5% 1.3% 0.5% 0.5%
    2010 0.5% 0.5% 0.8% 1.0%
    2011 1.3% 1.3% 1.3% 1.3%
    2012 1.3% 1.3% 1.3% 1.3%
    2013 1.3% 1.3% 1.3% 1.3%
    2014 1.3% 1.3% 1.3% 1.3%
    2015 1.3% 1.0% 1.0% 1.0%
    2016 0.8% 0.8% 0.8% 0.8%

    This table shows the prejudgment interest rates for actions commenced in the quarters indicated in respect of causes of action arising after October 23, 1989.

Published: (September 2, 2016)
Operational Support Branch
Court Services Division
Ministry of the Attorney General