TaxTips.ca
 Canadian Tax and
Financial Information 		Term Deposits and GICs

TaxTips.ca does not research or endorse any product   or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.
 Copyright © 2012

Looking for US tax information?
See USTaxTips.net

List your firm for  free in the TaxTips.ca Business Directory.

 Need an accounting, tax or financial advisor?  Look in  the TaxTips.ca Business Directory.

Home
What's New
Calculators
Free in 30!
Financial Planning
Real Estate
Stocks Bonds etc.
RRSP RRIF TFSA
Personal Tax
Seniors
Disabilities
Business
Sales Taxes
Canada
Alberta
British Columbia
Manitoba
Ontario
Québec
Saskatchewan
Atlantic Provinces
Territories
Federal Budget
Provincial Budgets
Statistics etc.
Glossary
Site Map
Business Directory
Advertise With Us
Contact Us/About Us
Links

Stocks, Bonds etc. -> Investing Tax Issues -> Term deposits and guaranteed investment certificates

Tax treatment of income from investments in term deposits and GICs

This information is regarding investments which are held outside of RRSPs or other registered accounts.

Term deposits and guaranteed income certificates (GICs) generate interest income, which is 100% taxable.

Tax tip:  Term deposits and GICs are better held inside a registered account, because 100% of the income is taxable when not in a registered account.

 

Revised: September 19, 2010

 

Copyright © 2011  See Reproduction of information on TaxTips.ca

The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage.
See our Business Directory for tax, accounting and finance-related firms in your area.
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.