Northwest Territories deposits and interest
The interest owed on a security deposit (simple interest at the rate in effect each January 1).
Interest owed
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- Deposit plus interest
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How this was calculated
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The rules
- A security deposit can be at most one month's rent: half up front and half within three months.
- Interest is simple, at a Bank of Canada savings rate in effect January 1: 0.01% for 2026.
- The landlord must return it within 10 days after the tenant moves out, with an itemized statement.