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05 Sep 2019 GIC and SIC rates

The GIC and SIC rates for the second quarter of the 2019-20 income tax year are:

General interest charge (GIC)

Quarter GIC annual rate GIC daily rate
October - December 2019 7.98% 0.02186301%
July - September 2019 8.54% 0.02339726%

 

Shortfall interest charge (SIC)

Quarter SIC annual rate SIC daile rate
October - December 2019 3.98% 0.01090411%
July - September 2019 4.54% 0.01243836%
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