MoneySense » Investing: Boost your GIC returns http://www.moneysense.ca Canada's Personal Finance Website Thu, 29 Jul 2010 18:17:22 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Investing: Boost your GIC returns http://www.moneysense.ca/2009/12/14/investing-boost-your-gic-returns/ http://www.moneysense.ca/2009/12/14/investing-boost-your-gic-returns/#comments Tue, 15 Dec 2009 01:00:00 +0000 Dan Bortolotti 20091101_20002_20002 http://www.moneysense.ca/2009/12/14/investing-boost-your-gic-returns/feed/ 5 Comments on: Investing: Boost your GIC returns http://www.moneysense.ca/2009/12/14/investing-boost-your-gic-returns/ Canada's Personal Finance Website Thu, 29 Jul 2010 22:19:12 -0400 http://wordpress.org/?v=2.8.5 hourly 1 By: Sarah_Efron http://www.moneysense.ca/2009/12/14/investing-boost-your-gic-returns/comment-page-1/#comment-1495 Sarah_Efron Fri, 19 Mar 2010 13:13:07 +0000 20091101_20002_20002#comment-1495 The rates are up on our sister site <a href="http://www.canadianbusiness.com." target="_blank">www.canadianbusiness.com.</a> <a href="http://www.canadianbusiness.com/my_money/rates/index.jsp?ref=tn" target="_blank">http://www.canadianbusiness.com/my_money/rates/in...</a> The rates are up on our sister site http://www.canadianbusiness.com.

http://www.canadianbusiness.com/my_money/rates/in...

]]> By: Joe http://www.moneysense.ca/2009/12/14/investing-boost-your-gic-returns/comment-page-1/#comment-1491 Joe Fri, 19 Mar 2010 00:42:03 +0000 20091101_20002_20002#comment-1491 It's a pity that your site didn't publish the GIC, mortgage and credit card rates as it did in the past. It's a pity that your site didn't publish the GIC, mortgage and credit card rates as it did in the past.

]]> By: Jen http://www.moneysense.ca/2009/12/14/investing-boost-your-gic-returns/comment-page-1/#comment-1315 Jen Tue, 23 Feb 2010 00:36:34 +0000 20091101_20002_20002#comment-1315 Yes, it is unfortunate that the tax system in our country penalizes the GIC investor by taxing the interest made on the principal on which you have already paid your taxes.. Again, it is even more unfortunate the poor interest rates that are offered by the banks despite the fact that bank fees have either been increased (ie to transfer an RRSP to another institution was 25 dollars and now is 100 dollars) or new fees have been created. However, with all this working against the GIC investor, at least we did not experience a -30% rate which many funds and stocks had experienced in the last down turn, which has not been the first or last to be experienced in the last 2 decades. With all this said, it would be interesting to see which group would be ahead. Yes, it is unfortunate that the tax system in our country penalizes the GIC investor by taxing the interest made on the principal on which you have already paid your taxes.. Again, it is even more unfortunate the poor interest rates that are offered by the banks despite the fact that bank fees have either been increased (ie to transfer an RRSP to another institution was 25 dollars and now is 100 dollars) or new fees have been created. However, with all this working against the GIC investor, at least we did not experience a -30% rate which many funds and stocks had experienced in the last down turn, which has not been the first or last to be experienced in the last 2 decades. With all this said, it would be interesting to see which group would be ahead.

]]> By: cal http://www.moneysense.ca/2009/12/14/investing-boost-your-gic-returns/comment-page-1/#comment-977 cal Fri, 01 Jan 2010 05:48:42 +0000 20091101_20002_20002#comment-977 do not agree with doug.With tfsa and rrsp pay no taxes.. Gic are better and safer thatn the stock markett.Unless you trade the markett the stock markett will give you losses with Mer fees and the new Hst in july will just eat away your returns do not agree with doug.With tfsa and rrsp pay no taxes.. Gic are better and safer thatn the stock markett.Unless you trade the markett the stock markett will give you losses with Mer fees and the new Hst in july will just eat away your returns

]]> By: doug http://www.moneysense.ca/2009/12/14/investing-boost-your-gic-returns/comment-page-1/#comment-907 doug Fri, 18 Dec 2009 00:23:49 +0000 20091101_20002_20002#comment-907 Buying any GIC will guarantee a loss of 1% by way of taxation and inflation at todays rate. Interest income is 100% taxable in Canada. Its that simple. Don't get into GIC's until the interest rate is at least 6% and we've along way to go to get there. Buying any GIC will guarantee a loss of 1% by way of taxation and inflation at todays rate. Interest income is 100% taxable in Canada. Its that simple. Don't get into GIC's until the interest rate is at least 6% and we've along way to go to get there.

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