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What is a cashable GIC?
– moneysense.ca
How cashable GICs work
Traditionally, GICs offer Canadian investors three core benefits:
Principal protection to ensure your money remains safely investedA guaranteed interest rate to ensure you get a fixed return on your investmentCanada Deposit Insurance Corporation (CDIC) coverage of up to $100,000 per depositor (in the event of bank insolvency), subject to CDIC rules and regulations
In addition to these three core benefits, a cashable GIC offers investors the option of getting their money back even before the term of the GIC has ended, if they so choose…
The new CDCP: Here’s when seniors can apply for the federal government’s dental plan
– moneysense.ca
“Far too many people have avoided getting the care that they need simply because it was too expensive, and that’s why this plan is essential,” Mark Holland, the federal health minister, said at a press conference on Dec. 11, 2023. He also noted that the plan is “going to help make life better for eligible Canadian residents because they won’t have to make the choice between paying their bills and getting the care that they absolutely need…