Author Topic: Where to park $25,000 for a year (in Canada)  (Read 277 times)

NorthernDreamer

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Where to park $25,000 for a year (in Canada)
« on: April 25, 2017, 11:31:41 AM »
I have $25,000 that I will owe on taxes next year (for inheritance/estate stuff). I am nervous investing it in index funds for the next year in case the market tanks. I could keep it in my "high interest" 0.8% savings account with PC.

Should I look into a GIC? I'd need to get it in there ASAP. PC has a 1.4% GIC right now. Oaken Financial offers 2% but I've never heard of them. Any other options I'm missing? Would you suck it up and just put it in index funds?