rsk1957 Posted December 8, 2023 Report Share Posted December 8, 2023 I took two 1-year cashable GICs out in Feb 2023. I won't have much income this year or in the next 4 years. Should I cash one of the GICs out now (Dec 2023) and get the T5 for 2023 tax purposes? Then leave the other GIC to mature on due date of Feb 2024 to only have the T5 for that one for 2024 tax purposes. Seems logical to me, but I'm not well versed on this tax stuff, so I might be missing something, or not taking something into account. Quote Link to comment Share on other sites More sharing options...
Geo123 Posted December 9, 2023 Report Share Posted December 9, 2023 Hello Strategic GIC cashout, Please consult with a tax or investment advisor. We can not provide tax / investment advice in this forum. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.