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The best GIC rates in Canada for 2025
– moneysense.ca
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 of major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.
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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…
The best high-interest savings accounts in Canada for 2025
– moneysense.ca
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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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 of major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.
Best high-interest savings account rates in Canada
Generally, savings accounts offer very low interest rates. So, if you want to earn on your deposits (rather than simply using your account as a temporary “holding tank” or directing to longer-term saving and investing vehicles), a savings account with a high interest rate is a no-brainer…
Tax implications of giving your spouse money to invest
– moneysense.ca
You wrote about money that is gifted to a spouse. If that money is used for investing, then the interest may be attributed back to the spouse giving the cash. Did I get that correct? If so, then is there any way to give your spouse money and whatever they do with it is their responsibility?
–Jim
In some cases, Jim, you can give your spouse money to invest with no adverse tax implications. It is important to be aware of the income attribution rules when giving money to non-arm’s-length parties like family members. Let’s look at the spousal attribution rules and different investing scenarios.
What is spousal attribution?
When you give money to your spouse to invest, the resulting income may be attributed—meaning taxed back—to the spouse who gave the money. For example:
If you give cash to your spouse to invest, the resulting interest, dividends, capital gains, and other taxable income should be reported by you, not them.
If you transfer to your spouse assets like stocks, mutual funds, exchange-traded funds (ETFs), or a rental property, the same attribution rule applies for subsequent income…
