TD Security GIC

slowtothegate · Post by **slowtothegate** » Fri Jan 08, 2016 2:49 pm

http://www.tdcanadatrust.com/products-s ... what-is-it

What tax forms would I have to fill out if I put money into one of these?

Security GIC Plus
Return Linked to Index:
S&P/TSX Bank Index (50% weighting)
S&P/TSX Capped Utilities Index (50% weighting)
These indices are comprised of the stocks of various Canadian financial institutions and Canadian utility companies.

Would this be considered an offshore trust?

(dual citizen US/CAD)

thanks for any insight.

nelsona · Post by **nelsona** » Fri Jan 08, 2016 4:53 pm

Income from this would be considered interest. It is not a stock/fund. It is a variable interest deposit.

slowtothegate · Post by **slowtothegate** » Fri Jan 08, 2016 8:18 pm

thanks for replying.
I thought since it's linked to the canadian stock market it triggers all of those extra tax forms.

nelsona · Post by **nelsona** » Sat Jan 09, 2016 11:12 am

It is merely a marketing gimmick. The info even says how the "interest" is determined.

slowtothegate · Post by **slowtothegate** » Sat Jan 09, 2016 2:03 pm

ok. got it.