Part of Royalties

Oil sands operations – Interest rates

Interest payable to or from the Crown is based on the Alberta Treasury Branch’s prime lending rate plus 1% on the first day of the month.

Table 1. Interest rate

The tables below identifies the interest rates in effect to be used as per section 45 of the Oil Sands Royalty Regulation, 2009 (A.R. 223/2008).

Month2026202520242023202220212020
January 1  8.207.453.453.454.95
February 1  8.207.703.453.454.95
March 1  8.207.703.453.454.95
April 1  8.207.703.703.453.45
May 1   7.704.203.453.45
June 1   7.704.203.453.45
July 1   7.954.703.453.45
August 1   8.205.703.453.45
September 1   8.205.703.453.45
October 1   8.206.453.453.45
November 1   8.206.953.453.45
December 1   8.206.953.453.45

 

Month2019201820172016201520142013
January 14.954.203.703.704.004.004.00
February 14.954.453.703.703.854.004.00
March 14.954.453.703.703.854.004.00
April 14.954.453.703.703.854.004.00
May 14.954.453.703.703.854.004.00
June 14.954.453.703.703.854.004.00
July 14.954.453.703.703.854.004.00
August 14.954.703.953.703.704.004.00
September 14.954.703.953.703.704.004.00
October 14.954.704.203.703.704.004.00
November 14.954.954.203.703.704.004.00
December 14.954.954.203.703.704.004.00

 

Month2012201120102009200820072006
January 14.004.003.254.507.007.006.00
February 14.004.003.254.006.757.006.25
March 14.004.003.254.006.757.006.25
April 14.004.003.253.506.257.006.50
May 14.004.003.253.255.757.006.75
June 14.004.003.253.255.757.007.00
July 14.004.003.503.255.757.007.00
August 14.004.003.753.255.757.257.00
September 14.004.003.753.255.757.257.00
October 14.004.004.003.255.757.257.00
November 14.004.004.003.255.007.257.00
December 14.004.004.003.255.007.257.00
Source: Alberta Treasury Branch Financial (Prime +1%)

Contact

Connect with Oil Sands, Coal and Mineral Operations:

Hours: 8:15 am to 4:30 pm (open Monday to Friday, closed statutory holidays)

Email:
Oil Sands Royalty Project Applications and Compliance [email protected]
Oil Sands Royalty Administration [email protected]
Oil Sands Royalty Information Management [email protected]
Oil Sands Tenure [email protected]

Mailing Address:
Alberta Energy and Minerals
Oil Sands, Coal and Mineral Operations
6th floor, Petroleum Plaza, North Tower
9945 108 Street
Edmonton Alberta  T5K 2G6