Is Your RRSP Stuck In A Low Return GIC?
Did You Know:
The 4% return that your GIC provides is neutralized by iniflation and income tax.
If the growth rate of your RRSP is less than 4% the Real Value of your money is shrinking every year.
This is the sole purpose of any investment. If it is not happening you should move your money out of such plans and invest it where it really grows.
You are keeping your money in the low return GIC for only one reason - security of your capital. Do you know that other than the GIC, there is a fully secured investment plan that offers 8% annual return?
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For more information on GIC's go here:
How To Find A Better GIC