What is a GIC – Guaranteed Investment Certificate?

Published on November 24, 2023

Popular vids about Credit Unions, Unsecured Loans, and TD Bank Us Certificate of Deposit, What is a GIC – Guaranteed Investment Certificate?.

What is a GIC?

GIC stands for Guaranteed Investment Certificate. There are many benefits to owning a GIC like guaranteed interest and principal protection. Generally, GICs are regarded as a low risk investment.

GICs can be purchased in a variety of accounts like your RRSP, TFSA and Spousal RRSP account for example.

This video explains the basics of what a GIC is and how they work.

Topics covered include:

  • What is a GIC – Guaranteed Investment Certificate
  • Understanding online and bank promotions
  • The risks of owning a GIC
  • Why companies issue GICs
  • Important questions to ask before purchasing a GIC
  • What are the benefits of owning a GIC
  • How do you make money with a GIC

#gic #gicinvestment #investing

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MARKET LINKED GICs : https://youtu.be/HnnjL6NAUJE

Mutual Fund Basics: https://youtu.be/Pa8CeBT983M
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Useful Links:

How interest from GICs and other investments are reported on your tax return:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-121-interest-other-investment-income/line-121-bank-accounts-term-deposits-guaranteed-income-certificates-gics-other-similar-investments.html

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TD Bank Us Certificate of Deposit

TD Bank Us Certificate of Deposit, What is a GIC – Guaranteed Investment Certificate?.

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