Interest owed to the tenant
deposit + interest =
| Period | Rate | Days | Interest |
|---|---|---|---|
Estimate for information only, not legal advice. Rates last verified September 23, 2026. Confirm with the official calculator.
Tenant Buddy tracks every deposit from the day it was paid and works out the interest owed across all of your leases in one run.
| Period | Annual rate |
|---|---|
| 2026 (current) | 0% |
| 2025 | 0% |
| 2024 | 0% |
| 2023 | 0% |
| 2022 | 0% |
| 2021 | 0% |
| 2020 | 0% |
| 2019 | 0% |
| 2018 | 0% |
| 2017 | 0% |
| 2016 | 0% |
| 2015 | 0% |
| 2014 | 0% |
| 2013 | 0% |
| 2012 | 1% |
| 2011 | 1% |
| 2010 | 1% |
| 2009 | 1% |
| 2008 | 1% |
| 2007 | 1% |
| 2006 | 1% |
| 2005 | 1% |
| 2004 | 1% |
| 2003 | 1% |
| 2002 | 1% |
| 2001 | 1% |
| 2000 | 1% |
| 1999 | 1% |
| 1998 | 1% |
| 1997 | 1% |
| 1996 | 1% |
| 1995 | 1% |
| 1994 | 3% |
| 1993 | 3% |
| 1992 | 3% |
| 1991 | 7% |
| 1990 | 7% |
| 1989 | 7% |
| 1988 | 7% |
| 1987 | 7% |
| 1986 | 7% |
| 1985 | 7% |
Last verified September 23, 2026 against official government sources.
Common questions from Canadian landlords and tenants about deposit interest
Only for time before 2013. The rate has been 0% since January 1, 2013, but a deposit paid before then still earns compound interest for those earlier years.
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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