TNO Interest Rate Reduction Until September 1

TNO Interest Rate Reduction Until September 1

During the most recent Regional council meeting, the mayors of the MRC Pontiac resolved to reduce the interest rate in the Unorganized Territory (TNO-Lac Nilgault) to 0% until September 1.

This measure includes any amount due that remains unpaid as of March 15, 2020.

According to the MRC Pontiac, the decision was made to support taxpayers who might be in a precarious financial situation due to the impacts of COVID-19.

The interest rate on any amount owed to the TNO was originally set at 16% per year. This reduction will apply until September 1, 2020.