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Can a matured GIC be re-invested in an RRSP and is contribution room affected?



Our response:

A Guaranteed Investment Certificate (GIC) that has matured within a Registered Retirement Savings Plan (RRSP) can be renewed or the proceeds may be used to purchase other qualified investments.

Proceeds from the sale of an investment that remains in your RRSP stays tax deferred. This includes any growth on your original investment. Your RRSP contribution room will not be affected.

Before purchasing a GIC to put into your RRSP, you need to make sure you have not exceeded your yearly RRSP contribution limits (including any unused contribution room).

You can check your RRSP contribution room in your CRA MyAccount, along with information about your TFSA contribution room and Notice of Assessment. You receive this Notice of Assessment after you file your tax return.

To learn more about RRSPs, GICs and other topics visit You may wish to speak with a qualified professional for advice that fits your personal financial situation.

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