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Nunavut Security Deposit Interest

Nunavut landlords must credit interest on security deposits every year, but the territory does not publish its current rate. Here is how the rule works and who to ask.

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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 Nunavut

  • The landlord must credit interest on the security deposit to the tenant every year, up to the day the tenant leaves.
  • The Residential Tenancies Act sets the rate as the Bank of Canada 30-day deposit receipt rate in effect on January 1.
  • The territory does not publish a current rate table, so ask the Nunavut Rental Office for the rate to use.

Official sources

Nunavut deposit interest rates by year

Nunavut tenants are owed interest on their security deposit, credited every year, but the territory does not publish a rate table. Contact the Nunavut Rental Office for the amount owed.

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

Nunavut Deposit Interest Questions

Yes. Interest is credited to the tenant every year, but the territory does not publish a current rate, so confirm the amount with the Nunavut Rental Office.

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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