Canada Construction Act Overdue Invoice Late Fee Calculator

Calculate daily accrued interest and statutory recovery compensation on past-due commercial balances in CAD, then generate an updated invoice with the penalty line item included.

Statutory Late Payment Presets

US Prompt Payment (1.5%/mo • 18% p.a.) UK Commercial Debts Act (13% + £40) Australia SOPA Interest EU Commercial Code (+€40) Canada Commercial Interest (18% p.a.)

Unpaid Principal Amount (CAD)

Days Past Due Date

Annual Interest Rate (% p.a.)

Statutory Fixed Recovery Fee (CAD)

Overdue Assessment (CAD)

Principal CAD 2,500.00

Late Charges (45 d) CAD 55.48

New Balance Due CAD 2,555.48

Calculated at 18% p.a. (1.5%/mo) over 45 days overdue.

Create Overdue Invoice with Late Fee Line Item