| | | | Personal Services
| | | | | | Personal Investments | | | | |  | | |
Guaranteed Investment Certificate (GIC)
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- Minimum deposit of $500.00
- Terms from 1 to 5 years
- Non - cashable until maturity
- Insured to $100,000.00 by Deposit Insurance Corporation of Ontario
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Registered Retirement Income Fund (RRIF)
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- Minimum deposit of $500.00
- Terms from 1 to 5 years
- Flexible payment terms
- Insured to $100,000.00 by Deposit Insurance Corporation of Ontario
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Registered Retirement Savings Plan (RRSP)
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- Minimum deposit of $500.00
- Terms from 1 to 5 years
- Floating rates available for cashable plans
- Interest compounded annually
- Insured to $100,000.00 by Deposit Insurance Corporation of Ontario
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Tax Free Savings Account
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- Residents of Canada, 18 years of age or older with a valid SIN are eligible
- $5000 maximum contribution limit each year beginning in 2009
- Contributions are not tax deductible
- All income earned will not be taxed
- Funds may be withdrawn at any time and are not taxable
For more information, see the Canada Revenue Agency website.
Frequently Asked Questions regarding the Tax Free Savings Account.
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Term Deposits
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- Minimum deposit of $1000.00
- Terms from 30 days to 364 days
- Cashable with interest penalty
- Insured to $100,000.00 by Deposit Insurance Corporation of Ontario
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