Have you seen the latest rates being offered
on guaranteed investment certificates (GICs).
Not exact matches
Q: We are maxed out
on our RRSPs and TFSAs and our remaining funds are in joint GICs (
Guaranteed Investment Certificates).
The recent RRSP season saw a slew of advertisements that touted «Market - Linked
Guaranteed Investment Certificates» with various names that played
on the theme of «smart.»
The Canada Revenue Agency says the types of
investments allowed in a TFSA are generally the same as an Registered Retirement Savings Plan and include cash, mutual funds, securities listed
on a designated stock exchange,
guaranteed investment certificates bonds and certain shares of small business corporations.
There are many ways to save and invest your money, including savings accounts,
Guaranteed Investment Certificates (GICs), mutual funds, exchange - traded funds (ETFs)-- the list goes
on.
Keeping in mind her discomfort with risk and the probability that she will need her money to help her mother, Judy decided
on the following asset allocation: 40 % stock funds, 40 % bond funds, plus 20 % in
guaranteed investment certificates (GICs) or stable value funds.
«These
investments are the same ones as for RRSPs: basically, mutual funds, shares listed
on a stock exchange, bonds, and
guaranteed investment certificates.