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What are the benefits of investing in a GIC?
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A GIC is a secure investment product, where both the principal and interest are guaranteed for the term of the investment at a competitive interest rate.
GIC deposits are eligible for deposit insurance from CDIC, subject to maximum coverage limitations. For more information, go to CDIC.
- What are the benefits of investing in mutual funds?
- Can I access the funds in my GIC?
- Are GICs covered by Canada Deposit Insurance Corporation (CDIC)?
- Can I cancel my GIC?
- What are the benefits of laddering my GIC before maturity?
- What are the risks of investing in mutual funds?
- What are some additional costs to consider when buying a home?
- What are the benefits of opening an RESP?
- Can I cancel my RRSP GIC?
- Do my withdrawals from a TFSA affect taxes payable or income-tested benefits, such as the Canada Child Tax Credit or Old Age Security?
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