Optional Survivor Annuity Regulations (SOR/2001-283)

11 For the purpose of section 9, except as provided under subparagraph 9(b)(iv), the rates of interest are,

• (a) for the first 15 years after the day on which the election takes effect, determined in accordance with the following formula, expressed as a percentage and rounded to the nearest one quarter per cent:

  {[1 + ((m + 0.25)/200)]² - 1} × 100

  where

  m

  represents the month-end value of the real rate of interest on long-term Government of Canada real return bonds (Series B114018), as published in the Bank of Canada’s Weekly Financial Statistics, in the second calendar month preceding the month in which the election takes effect; and

• (b) for subsequent years, 3.25%.