Advertorial – In uncertain times like these, Guaranteed Investment Certificates (GICs) can help keep your financial future safe and secure, and those offered by Oaken Financial combine rock-solid protection of your principal with some of the highest interest rates available on these products. What’s more, Oaken’s wide variety of options means you can choose the one that best meets your needs, whether it’s a short-term unregistered plan to set aside funds for a special purchase, or a Registered Savings Plan (RSP) to lower your income tax bill.
Non-Registered Plans
Maxed out your allowable contributions to a Tax Free Savings Plan (TFSA) and RSP?
“We offer some of Canada’s best GIC interest rates, and with both short- and long-term options available, you can be sure to find a GIC that’s right for you,” says Melonie Dixon, Vice-President, Deposits, Oaken Financial. “In addition to offering high interest rates, our GICs are secure: we are a member of the Canadian Deposit Insurance Corporation (CDIC), which means all Oaken GICs are eligible for CDIC coverage.”
“Non-registered GICs are simply GICs that are held outside of a registered plan or account,” Dixon explains. “For those investors who have maximized their allowable contribution limits for a TFSA or RSP, holding non-registered GICs makes it possible to take advantage of a higher GIC interest rate, with the added benefit of CDIC coverage for all insurable amounts.”
Registered Plans
Want to avoid paying tax on interest income, or save on your income taxes?
“All Oaken GICs are eligible for inclusion in government registered accounts,” Dixon notes, “including RSPs, TFSAs, and Retirement Income Funds (RIFs). These accounts can not only help you grow your savings, but they may also reduce the total amount of tax you’re required to pay on your savings.”
Please visit oaken.com to learn more about Oaken’s GICs and savings accounts. You can also reach us at 1-855-OAKEN-22 (625-3622) or by email at service@oaken.com.
