RE:RE:RE:RE:Everyone heading to 5% Gic'sHey barney, For what is worth & IMO >>>
No risk just maybe a little future Taxation issue.
Hope your new GIC's are in a TAX protected accounts ( TFSA )
as we have learned from the past that any GIC Interest is taxed at your prime rate in cash accounts & later in RRSP/RRIF accounts on any withdrawn amounts.and NO dividend Tax credit in a cash account is applied. Do not know IF this applies to your portfolio BUT we have learned over Time.
Regards & All the best in your Investments, TimeBuilder
PS: Noted we do not hold any GIC's or term deposit structures ONLY Dividend & Distribution payers in 6 protfolio's & one MF portfolio for exposure to the offshore & USA markets. .
Also stand to be corrected on this subject of GIC interest taxation