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GIC Calculator
Free GIC calculator: the value at maturity and interest earned on a guaranteed investment certificate, compounded yearly, monthly or with simple interest.
Your GIC
Value at maturity
$10,712.25
| Interest earned | $712.25 |
Outside a TFSA or RRSP, interest is taxable every year, even if it's only paid at maturity. CDIC covers eligible deposits up to $100,000 per category, per member institution.
Fixed rate for the whole term. Not legal, tax or financial advice. 🔒 Everything stays on your device.
📚 Official sources: CDIC
We build every tool from the official rules and re-check them when they change. Always confirm with the official source before you rely on a result.
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Questions people ask
How much is $10,000 in a 2-year GIC at 4%?+
$10,816 compounded yearly: $816 of interest.
Is GIC interest taxable?+
Yes, every year, unless the GIC is in a TFSA, RRSP or FHSA.