really quick investment question (will delete when replied too)

[domintoronto]

What is the diffrence between a registered and a non registered GIC?
tyia

 

[21pro]

registered GIC is for inside a Registered Retirment Savings Plan. the term is for tax purposes. with registered GIC's all the rules that apply to RRSP's apply to this investment because it is held within an RRSP account.

non-registered is a GIC you can invest in outside of your RRSP.

 

[Meister]

And, like with any RSP, the interest is not taxable until you pull it out of the RSP.