The law says
IRPR r. 293(1)A loan made under this Part bears no interest as of the day on which this section comes into force.
Unpaid loan
(2)The interest on any loan that has not been repaid before that day continues to accrue until the day preceding that day.
Amendment History (1)
- SOR/2006-116, s. 1; SOR/2018-22, s. 3
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