TITLE: Ontario Updates Interest Rates for Public Guardian and Trustee Managed Funds
BODY:
On March 14, 2026, the Ontario Gazette published a certificate from the Public Guardian and Trustee (PGT) updating interest rates applicable to funds under its management, effective March 1, 2026.
The PGT increased the interest rate to 3.55 percent per annum for funds managed under the Mental Health Act, Substitute Decisions Act, Trustee Act, Victims' Right to Proceeds of Crime Act, Ontario Disability Support Program Act, Powers of Attorney Act, Canada Pension Plan Act, Crown Administration of Estates Act, and Cemeteries Act. Interest is compounded monthly and calculated on the closing daily balance. Conversely, funds managed under the Escheats Act and those transferred to the Unadministered Estates Account will bear interest at 0 percent.
The certificate also establishes interest rates for money held by the Accountant of the Superior Court of Justice. Canadian currency deposited for the benefit of minors and parties under disability will accrue interest at 3.55 percent per annum, payable monthly. All other Canadian currency, including funds held for litigants, will accrue interest at 3.55 percent per annum, payable monthly. Money required to be held in United States currency will accrue interest at 4.0 percent. Interest is computed from the date funds are received to the day before payment is made and is compounded monthly on the closing daily balance.
The certificate was dated February 18, 2026, and signed by Sidney Peters, Public Guardian and Trustee, and Tanya Lai for the Investment Advisory Committee.