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GIC Calculator

This calculator will help you to work out how much General Interest Charge you will pay on your tax debt if you pay it after the due date.

The calculator uses the rate of 7.10% per annum (the GIC rate as at 1 July 2020), compounded daily.
GIC Annual Rate
In the form settings, click on the field, then the "Advanced" tab to change the default value.
GIC Daily
Interest Factor
How much is your tax debt?
Start Date
Date Format: DD slash MM slash YYYY
Payment Date
Date Format: DD slash MM slash YYYY
Compounding Days
Factor
Total Payment
Total GIC
The GIC that will accrue on your debt between and is , which means you will need to pay a total of .
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The content of this website is provided for informational purposes only. It should not be take as legal advice on any issue.

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