Is a guaranteed investment certificate or term deposit denominated in Canadian or foreign currency issued by a bank in Canada or a trust company a qualified investment for an RRSP? Before going on to refer to other potential grounds of qualification, CRA stated:
[I]n general, a guaranteed investment certificate or term deposit, denominated in Canadian or foreign currency and issued by a bank in Canada, would qualify as a "bond, debenture, note or similar obligation” specifically described in paragraph (b) of the definition of "qualified investment" in subsection 146(1),