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 political 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
|
Effective Date |
| 2.75% | Jul 21, 2010 |
|
2.50% |
Jun 2, 2010 |
|
2.25% |
Apr 22, 2009 |
|
2.50% |
Mar 4, 2009 |
| 3.00% | Jan 21, 2009 |
|
3.50% |
Dec 10, 2008
|
|
4.00% |
Oct 22, 2008 |
|
4.25% |
Oct 14, 2008 |
|
4.50% |
Oct 09, 2008 |
|
4.75% |
Apr 25, 2008 |
|
5.25% |
Mar 04, 2008 |
|
6.25% |
July 11, 2007 |
Contact us to learn more about the assistance that Elections Manitoba can provide to political participants.