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ARTICLE · 04 JANUARY 2024

Unwrapping The Criminal Interest Rate Regulations Released December 23, 2023

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

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The federal government released its highly anticipated Criminal Interest Rate Regulations (Regulations) in the Canada Gazette on December 23, 2023. The proposed Regulations have important implications...

CanadaCriminal Law
Alexis Levine
Alexis Levine
Paul Belanger
Paul Belanger
Mena Bellofiore
Mena Bellofiore
Alan Fraser
Alan Fraser
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The federal government released its highly anticipated Criminal Interest Rate Regulations (Regulations) in the Canada Gazette on December 23, 2023. The proposed Regulations have important implications for lenders across Canada. Along with the Regulations, the government also released its Regulatory Impact Analysis Statement (Regulatory Analysis). Despite not having the force of law, the Regulatory Analysis provides useful context and insight for the government's rationale for the exemptions included in the draft Regulations. The Regulations follow significant amendments introduced as part of the Budget Implementation Act, 2023, No. 1 (for more information, please see our May 2023 Blakes Bulletin: Budget Bill 2023: Changes for Financial Institutions).

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