Ontario · Interactive tool
Ontario rent-deposit interest and reconciliation planner
Ontario has no security deposit to return. There is a rent deposit (at most one month), applied to the last month, and annual interest on it at the guideline rate, which you may use to top the deposit up. This planner does that arithmetic and shows what the last month's reconciliation looks like. Whether any other amount is owed is never decided here.
Interest accrued to date
$96.60
2 anniversary years since Jun 1, 2024
Applied to the last month
$2,196.60
Deposit $2,100.00 + top-up from interest $96.60
Interest by anniversary year
| From | To | Guideline rate | Interest |
|---|---|---|---|
| Jun 1, 2024 | Jun 1, 2025 | 2.5% | $52.50 |
| Jun 1, 2025 | Jun 1, 2026 | 2.1% | $44.10 |
Simple interest at the guideline rate for the year the anniversary falls in (fixture: 2024: 2.5% · 2025: 2.5% · 2026: 2.1%). Next anniversary Jun 1, 2027.
- 1Apply the deposit to the last month's rentThe rent deposit can only be applied to the last rental period; it is not a damage deposit and cannot be kept for damage.
- 2Return the key deposit on return of the keys$60.00 held; refundable in full when keys come back.
- 3Damage or arrearsNot deducted from any deposit in Ontario. Those are LTB applications (L2 / L10) with evidence. Not prepared here.