Question about GIC

[neilwazzup]

Hi just wondering if anyone has an idea about this.

For example you took up a 1 year post grad cert/ 2 semester. However, it's only for winter and summer. Consequently, it will start in January 2021 and end in August 2021. Do I still need a 1 year GIC, or is it possible to reduce it to 8 months. Just to clarify, what I am asking is just the time within I would eventually get back the money invested, and not the amount, because I know that I still need to invest in a $10,000 GIC.

 

[Raman91]

Hi just wondering if anyone has an idea about this.

For example you took up a 1 year post grad cert/ 2 semester. However, it's only for winter and summer. Consequently, it will start in January 2021 and end in August 2021. Do I still need a 1 year GIC, or is it possible to reduce it to 8 months. Just to clarify, what I am asking is just the time within I would eventually get back the money invested, and not the amount, because I know that I still need to invest in a $10,000 GIC.

Yes, you need to show GIC of CAD 10200, it's the least amount they need!

 

[neilwazzup]

Thanks for the answer, but that's not my question. My question is, can I purchase a GIC that's less than 1 year (i.e., 8 months).

 

[Harshit20]

Thanks for the answer, but that's not my question. My question is, can I purchase a GIC that's less than 1 year (i.e., 8 months).

No sadly you can’t

 

[Drsunmeet Singh]

Thanks for the answer, but that's not my question. My question is, can I purchase a GIC that's less than 1 year (i.e., 8 months).

you should look for cibc gic program i guess they are more flexible

 

[neilwazzup]

Thanks for the answers.