209
Here’s why:
Guaranteed Investment Certificates (GICs)
$10,000 investment over One Year
How about a 5-year GIC with a better rate of return
Guaranteed Investment Certificates (GICs)
$10,000 investment over FIve Year
So, now that we see how interest income is taxed and how tax and inflation will affect real returns. Where are rates headed?
Interest rates still have a long way to go to get back to 2008 interest rates.