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New Brunswick Security Deposit Interest

In New Brunswick the security deposit is held by the province, not the landlord, and the interest belongs to the Crown. Here is how it works and where to find the other provinces' calculators.

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Estimate for information only, not legal advice. Rates last verified September 23, 2026.

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How deposit interest works in New Brunswick

  • The landlord must give the security deposit to a residential tenancies officer within 15 days of receiving it.
  • All interest earned on deposits held by the officer belongs to the Crown and is paid into the province's Consolidated Fund.
  • When the tenancy ends, the deposit is paid out without interest.

Official sources

New Brunswick deposit interest rates by year

New Brunswick landlords must hand the security deposit to a residential tenancies officer within 15 days. Any interest it earns belongs to the province, so the tenant gets the deposit back without interest.

Last verified September 23, 2026 against official government sources.

Calculators for other provinces

Frequently Asked Questions

Common questions from Canadian landlords and tenants about deposit interest

New Brunswick Deposit Interest Questions

No. The deposit is held by a residential tenancies officer and the interest it earns belongs to the province.

In most provinces and territories, yes. The province sets the rate each year and the landlord owes that interest to the tenant. Quebec does not allow security deposits at all, in New Brunswick the deposit is held by the province and the interest goes to the Crown. Ontario does not allow damage deposits, but landlords must pay interest on a last month's rent deposit.

Multiply the deposit by the annual rate, then by the share of the year the deposit was held. When a deposit is held across several years, each year uses its own rate. Some provinces compound, so interest earned in earlier years also earns interest. This calculator handles both and shows the breakdown for each period.

This calculator is a free estimate for information only and is not legal advice. Rates and rules come from each province's official sources and were last verified on September 23, 2026. Always confirm with your provincial residential tenancy office before paying or returning a deposit.

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