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Criminal Interest Rate Laws in Canada

Part IX of the Criminal Code / Against Property

Loan Sharking: Interest Rate of 60% or More

If you have been charged with a crime in Canada, you should consult with a criminal defence lawyer in your area

Criminal Interest Rate - Glossary of Terms

Glossary of Legal Terms

Crown prosecutor

Lawyers who act for the federal, provincial and territorial governments and prosecute people accused of crimes on behalf of the Crown.

Indictable offence

Indictable offences are the most serious offences under the Criminal Code and they come with more serious punishments, up to a maximum penalty of life in prison.


The aggregate of all charges and expenses – whether in the form of a fee, fine, penalty, commission or other similar charge or expense – paid or payable for the advancing of credit under an agreement or arrangement.

Loan sharking

Lending money at an interest rate above 60 percent. Sometimes threats of harm or extortion are used to get repayment.

Summary offence

Summary offences are less-serious criminal offences such as disturbing the peace or unlawful assembly

Criminal Interest Rate - Tagged With:
Tagged With: Against Property
Criminal Interest Rate - Tagged With:
Code Citations: s.347 (1)
Criminal Interest Rate - Referenced Links