What is the maximum rate of interest that can be charged under the Criminal Code?

Name: What is the maximum rate of interest that can be charged under the Criminal Code?
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Question

Quizplus · Accepted Answer

According to the Criminal Code, the maximum rate of interest that can be charged is 60%. However, each province has its own legislation regarding interest rates. In most provinces, the maximum rate is 35%. Therefore, the best answer choice is B, as it is the maximum rate allowed in most provinces.

What Is the Maximum Rate of Interest That Can Be