Instead of a single GIC, some people hold several with different maturities. Describe your situation; an authorized person explains the principle and its limits.
Keep some liquidity
Stagger the renewals
Without obligation
The principle
Several GICs, several maturities; part of the money comes due at regular intervals.
What it changes
You reassess your choices more often, without moving everything at once.
Its limits
More products to keep track of; depending on the issuer, minimum amounts may apply.
In which account
RRSP, TFSA, or non-registered account: the tax on interest differs.
Frequently asked questions
Is it right for everyone?
No; it depends on your horizon and your liquidity needs.
Can maturities differ from one institution to another?
Yes; each issuer has its own terms.
Is the request free?
Yes, and without obligation.