It's not even closeHolding $95,000 in GICs, what's the income? $4,750? What's the taxes on that?
If in TFSA, zero.
If in Margin/Cash Account, $2,375? minus dividend tax credit.
Holding $95,000 BPO, what's the income $9,500+ Plus if lucky 100% capital gain of $95,000. What's the taxes on that?
If in TFSA, zero.
If in Margin/Cash account, $4,750? minus dividend tax credit, plus ~$25,400 capital gains tax.
It's not even close. For same investment amount, BPO in TFSA and GIC in Margin you pay way way less tax.