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Interest Rates

Rule Amendment

Please note that, effective June 25, 2009, Rule 5-57 (Interest on Unpaid Fees) of the Rules of the Law Society of Manitoba has been repealed. Members will now be governed by amended Law Society Rule 5-54 when calculating interest on unpaid fees, charges or disbursements, which is as follows:

Fees, disbursements and interest
Rule 5-54
A member must not charge or accept a fee or disbursement, including interest, unless it is fair and reasonable and has been disclosed in a timely fashion.

as well as Rule 2.06 of the Code of Professional Conduct (Fees and Disbursements) which has also been amended to be consistent with this new rule.

 

2009
April 1, 2009  to June 30, 2009 5%
January 1, 2009  to March 31, 2009 6%

 

2008
October 1, 2008  to December 31, 2008 7%
July 1, 2008  to September 30, 2008 7%
April 1, 2008  to June 30, 2008 8%
January 1, 2008  to March 31, 2008 8%

 

2007
October 1 to December 31 9%
July 1 to September 30 9%
April 1 to June 30 9%
January 1 to March 31, 2007 9%

 

2006
October 1 to December 31, 2006 9%
July 1 to September 30, 2006 8%
April 1 to June 30, 2006 8%
January 1 to March 31, 2006 7%

 

2005
October 1 to December 31, 2005 7%
July 1 to September 30, 2005 7%
April 1 to June 30, 2005 7%
January 1 to March 31, 2005 7%

 

2004
October 1 to December 31, 2004 7%
July 1 to September 30, 2004 6%
April 1 to June 30, 2004 7%
January 1 to March 31, 2004 7%

 

2003
October 1 to December 31, 2003 7%
July 1 to September 30, 2003 8%
April 1 to June 30, 2003 7%
January 1 to March 31, 2003 7%

 

2002
October 1 to December 31, 2002 7%
July 1 to September 30, 2002 7%
April 1 to June 30, 2002 6%
January 1 to March 31, 2002 7%

 

2001
October 1 to December 31, 2001 9%
July 1 to September 30, 2001 9%
April 1 to June 30, 2001 10%
January 1 to March 31, 2001 10%
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