Canadian GIC Compound Interest & Ladder Calculator
Calculate Guaranteed Investment Certificate (GIC) compounding returns, $100,000 CDIC insurance coverage, and after-tax yields.
Calculate Guaranteed Investment Certificate (GIC) compounding returns, $100,000 CDIC insurance coverage, and after-tax yields.
Calculate Guaranteed Investment Certificate (GIC) compounding returns, $100,000 CDIC insurance coverage, and after-tax yields. Calculate exact, penny-accurate projections compliant with 2026 CRA • Bank of Canada standards using Calconova's deterministic IEEE-754 (Decimal.js) calculation engine with instant breakdowns.
Total Maturity Value
$28,324.89
Total Interest Earned: $3,324.89
Gross Interest Earned
+$3,324.89
Before tax deductions
CDIC Protection Status
100% Insured
CDIC coverage limit: $100,000
Yearly Growth Breakdown
Maturity Value A = P × (1 + r / n)^(n × t)Calculates compound growth where interest earned in each compounding period is reinvested to generate additional interest in future periods.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual CRA tax brackets, provincial taxes, Bank of Canada rates, and lender criteria may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult a qualified financial advisor or CPA prior to executing financial commitments.
Yes! GICs issued by CDIC member banks (like RBC, TD, Scotiabank, BMO, CIBC) are automatically insured up to $100,000 CAD (principal and interest combined) per depositor across each separate account category (such as Personal, TFSA, and RRSP).
Outside a TFSA or RRSP, interest earned on a GIC is 100% taxable at your full marginal income tax rate (unlike capital gains which have a 50% inclusion rate or eligible Canadian dividends which receive a tax credit). CRA requires you to declare interest each year as it accrues, even for multi-year compound GICs that only pay cash at maturity.
A GIC ladder divides your total investment into equal tranches across 1, 2, 3, 4, and 5-year terms. Each year, one GIC matures, providing liquidity or allowing you to reinvest at current prevailing market interest rates without locking up all your capital.
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