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Prime Rate of Interest


The prime rate of interest is a reference point that banks and other lenders base their loan rates on.

If a loan is made to a political participant (registered party, candidate or constituency association) at an interest rate below the prime rate of the government's principal banker the difference between the amount of interest that would be payable at that prime rate and the amount being charged for the loan is considered a contribution (or a transfer if the loan is from one entity to another entity).

The prime rate of interest of the government’s principal banker is as follows:

Annual Interest Rate: 2.70%

Effective Date: July 22, 2015

  • 2.85% effective until July 21, 2015
  • 3.00% effective until January 27, 2015
  • 2.75% effective until September 8, 2010
  • 2.50% effective until July 20, 2010
  • 2.25% effective until June 1, 2010
  • 2.50% effective until April 21, 2009
  • 3.00% effective until March 3, 2009
  • 3.50% effective until January 20, 2009
  • 4.00% effective until December 9, 2008
  • 4.25% effective until October 21, 2008
  • 4.50% effective until October 13, 2008
  • 4.75% effective until October 8, 2008
  • 5.25% effective until April 24, 2008

Contact us to learn more about the assistance that Elections Manitoba can provide to political participants.

email election@elections.mb.ca | phone 204-945-3225 | 1-866-628-6837

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