Not sure how to make a retirement plan? Read on…
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Should you collect CPP and OAS while working in your 60s? Dec 7th
I have lived in Canada for 24 years and I’m 65 years old now. I am still working at a company making a $78,000 salary. Since my health condition is OK, I am going to continue to work for two to four years. My question is: In my situation, it is better for me to apply for OAS and CPP now or delay t.... More »
How does a spousal RRSP withdrawal work? Feb 8th
I bought a spousal RRSP in December 2019 and I plan to withdraw from it this week. Is it considered to be my income or my spousal income? I called CRA four times but no one could answer this question for me.—Tom
Spousal RRSP withdrawal rules: Timing matters
Tom, the rules around the ti.... More »
Watch: 4 things to consider before putting your money in a TFSA or RRSP Sep 28th
You know both can help lower how much income tax you pay—both are registered accounts, after all—but how do you decide whether to put your money into a tax-free savings account (TFSA) or a registered retirement savings plan (RRSP)? Watch this video to learn about the four things to consider befo.... More »
In Your Corner: My house is my retirement plan. Am I doomed? + MORE Aug 24th
Owning a home is a great investment but we all should have other investments socked away for retirement — ideally inside a Registered Retirement Savings Plan (RRSP), says this week’s expert..... More »
How much to take out of your RRSP in your 60s Oct 5th
Many retirees have the bulk of their retirement savings in registered retirement savings plans (RRSPs) or similar tax-deferred registered accounts. RRSPs need to be used to buy an annuity or more commonly converted to a registered retirement income fund (RRIF) by Dec. 31 of the year someone turns 71.... More »
Jeremy says his main goal is to save for retirement, but after looking at condos online, he’s trying to decide if that will be a worthy investment.Compare the Best GIC Rates in Canada
– moneysense.ca
How to use this tool: You can simply scan the table below to view GIC interest rates offered by financial institutions across Canada. Click on one of the tabs at the top of the table to focus on your choice of Non-Registered, Registered, TFSA-eligible or U.S.-dollar GICs.Or, follow the prompts in the six fields at the top of the finder tool to input the amount you wish to invest in a GIC and your preferred investment term, along with other details, and the calculator will automatically display what your total return would be from each of the financial institutions listed. This allows you to compare the options side-by-side and decide which is the best for your money.
Whether you’re looking for a short-term cashable GICs, or want a longer-term investment like an RRSP GIC, this tool will help you find the best GIC rate for your financial needs.
Need more information? Scroll down to read information from our MoneySense editorial team on the types of GICs available; what terms you can choose from and why you might choose a shorter or longer term; how GIC deposits are insured; and four editors’ picks for the best GIC rates in Canada…
