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in canada, does one have to pay taxes for interest earned in a gic investment with Royal Bank of Canada?

also, if i have no work income, no medical expenses, do i even need to declare?

this is my last tax post for the year any help would be much appreciated!

thanks!


Hi Healing, the answer to your question is definitely yes!

You must declare interest even if you didn't receive an interest slip. The interest I am referring to is from GIC's, bank accounts, and refund interest from CRA too, if applicable.

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