The best GIC rates in Canada for 2024 + MORE Dec 30th

All about Canadian investments. Learn the ins and outs and get the latest news.

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The best GIC rates in Canada for 2024

– moneysense.ca

GIC comparison tool

Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.

Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

Highest GIC rates in Canada

Banks, credit unions, trust companies and discount brokerages all offer GICs. Below, you’ll find the best rates available from a variety of financial institutions, including credit unions and Canada’s Big Six banks. The rates listed are for non-redeemable GICs held in non-registered accounts—the most popular type of GIC in Canada…

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Can you move your investments from Canada to the U.S.?

– moneysense.ca

Ask MoneySense
Can I move my security holdings from a Canadian non-registered account to a U.S. brokerage non-registered account without tax implications?

–Meranda

Tax implications of moving investments from a non-registered Canadian account to an American one

The answer to your question, Meranda, depends on a few different considerations, including the types of securities, types of investment accounts and more. The tax implications depend on your reason for transferring the securities. Let’s take a look.

Types of securities you can transfer to the U.S.

If you own Canadian mutual funds and/or bank or portfolio manager proprietary pooled funds, you will not be able to transfer them across the border.

Canadian mutual funds cannot be sold to non-residents of Canada. As a result, a U.S. brokerage account will not accept a transfer of a Canadian mutual fund.

A proprietary pooled fund can only be held at the company that offers it. So, you cannot transfer it to another brokerage in Canada, let alone the U…

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