Before playing it "safe"
Elaine Crook - Jun 21, 2019
Consider both inflation and tax implications. The content in this article is meant for Canadian investors only.
Many investors like the safety and predictability that a Guaranteed Investment Certificate (GIC) offers. Your principal and interest payments are guaranteed by the GIC issuer (with “guaranteed” actually embedded in their name), so you know you’re going to receive your original investment back at maturity, and you also know exactly what you’re going to receive in the form of interest.