Index Linked

INDEX-LINKED DEPOSITS

Who should Consider an Index-Linked Deposit
-Investors who are looking for a deposit with a principal guarantee that offers the potential for a higher return than the return paid of fixed rate deposits.
-Investors who are looking for an equity-linked investment that carries no fees or commissions
-Individuals searching for a diversified investment in Canadian corporations.
-Individuals who are not willing to risk their initial investment.

Features
-Term Deposit, RRSP, TFSA eligible
-Three year and Five year terms, non-redeemable
-Deposit insured up to $250,000 per account type

Risks
Unlike other term deposits, RRSP's, TFSA's, there is no guaranteed return on this product.  Depending on the performance of the stocks comprising the S&P/TSX 60 Index over the term, it is possible that, at maturity, the investor will receive only their principal back.

Income tax
Tax will be deferred on Index-Linked Term Deposits held inside registered plans. However, the income tax consequences of holding an Index-Linked Term Deposit outside a registered plan will depend upon a holder's particular circumstances, and holders should consult their tax advisors before considering the investment outside a registered plan.

 

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