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C-81, r. 1 - Regulation respecting the application of the Public Curator Act
Section 13
Disposition versions
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.
