Question

In: Finance

Which of the following is not covered by Canada Deposit Insurance Corporation?

  1. Which of the following is not covered by Canada Deposit Insurance Corporation?

    1.      RRSPs invested in GICs

    2.     RRIFs invested in term deposits

    3.      RRSP invested in stocks

    4.     A joint chequing account.

Solutions

Expert Solution

All kinds of deposits, single or joint, RRSP, RRIF, etc are covered by CDIC. GICs are also covered. Stocks are NOT covered.

Therefore, (c) RRSP in stocks

jeff jeffy answered 2 years ago
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