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.
Latest News

Despite tariff pause, uncertainty hangs over Canadian economy - CTV News Feb 4th

Despite tariff pause, uncertainty hangs over Canadian economy  CTV NewsThe trade war is off — but for how long?  CBC.caTrump Tariffs Delay Lets Stock Markets Breathe. Why China Could Change That and 4 Other Things to Know Today.  Barron'sBell: Trudeau no hero — Dani.... More »
 mutual funds

ETF strategies to help Canadian investors combat a weak loonie + MORE Jan 29th

While recent moves from the Bank of Canada and the U.S. Federal Reserve primarily influence borrowing costs, they’ve also contributed to a sharp divergence in currency exchange rates. Specifically, the Canadian dollar has depreciated significantly against the U.S. dollar. When interest rates .... More »
 TSX

How to stop procrastinating and cross two major money moves off your list + MORE Feb 11th

Dying intestate is a term that means someone has died without a will. Dying without a will means that the government gets to use provincial laws to decide how to distribute your estate and appoint your executor.—Willful.co, “Dying Without A Will In Canada.” In 2013, my father took his own.... More »

The best GIC rates in Canada for 2025 + MORE Feb 10th

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 navigat.... More »
 IPO

7 ways to protect yourself from ID theft + MORE Jan 7th

Avoiding identity theft is becoming ever more challenging in Canada. The Canadian Anti-Fraud Centre (CAFC) received more than 11,000 identity theft and fraud reports in 2023, and both government and financial institutions report an increase in cases. According to the CAFC, these are some of the m.... More »
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.

Advertisement

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…

Continue Reading On 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…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!