MemberJune 21, 2023 at 12:22 pm
Hi All- It shouldn’t cost the corp anything in management fees to place reserve funds in CDIC GICs. If an advisor is looking to charge fees than I suggest looking elsewhere. There are also ways in which corps can work around the 100K insurance limit… typically by placing GICs in multiple different institutions. Happy to chat about my experience with this issue further if anyone is interested.