A non-registered GIC allows investors to invest an unlimited amount of money in funds with liberty anywhere. They are not tax exempted whilst gains and losses are made known for taxation on income tax purposes.
A non-registered GIC basically is any GIC that cannot be invested in any of the registered savings deposits that exist in Canada outlined above They are mainly short term investments that guarantee earnings to define an amount of interest, as long as long as money is not redeemed before the maturity date. They work on the basis of, longer periods of investments attracting higher rates of interest.
These rates are not registered with the federal government and normally do not have limits and most notably is that earned income is included for taxation every financial year.
Here below is a list of some non-registered CIC rates;