B.C. Reg. 76/2026, deposited May 5, 2026, under the LAND TAX DEFERMENT ACT [sections 8 and 9] and BUDGET MEASURES IMPLEMENTATION ACT, 2026 [section 96]. Ministerial Order M196/2026, dated May 5, 2026.

I, Brenda Bailey, Minister of Finance, order that, effective January 1, 2026, the Interest Rate Regulation, B.C. Reg. 75/2017, is amended as set out in the attached Schedule.

— B. BAILEY, Minister of Finance.

Schedule

1 The Interest Rate Regulation, B.C. Reg. 75/2017, is amended by adding the following section:

Interest for 2026 and subsequent years

2 (1) For the purposes of sections 8 (3.3) and 9 (7) of the Land Tax Deferment Act, the interest rate, during each successive 3-month period beginning on January 1, April 1, July 1 and October 1 in every year, is 2% above the prime lending rate of the principal banker to the government on the 15th day of the month immediately preceding the 3-month period.

(2) Interest must be

(a) compounded monthly, and

(b) calculated on the number of days since the last compounding of interest or, if no compounding has yet occurred, since the interest commencement date.

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