In accordance with section 24 of the Act respecting the Ministère des Finances (CQLR, chapter M-24.01), the government sets the nature of the loans to be made, the criteria regarding the determination of the rates of interest that may be charged on such loans as well as the nature of the costs to be included in computing those rates or the repayment of those loans.
The services the Financing Fund offers its customers, as a financial intermediary, are self-financed from the management fees applicable to the loans made.
The pricing of loans and the issuance and management charges applicable to these loans are competitive, fair and simple to apply and manage.
Order in Council No. 637-2023 (in French only) of March 29, 2023 sets the criteria for fixing interest rates on loans made by the Financing Fund, the nature of the costs to be included in computing those rates and the fees chargeable for the management of such loans.
Applicable issuance and management fees are set in the fee schedule , in accordance with the above-mentioned order in council. This pricing is consistent with the Financing Fund’s objectives and principles.