here's the non PM, open answers because im sure the Financial advisors out there will tell you to retain them so they'd retain their margins and talk you into getting a loan/dipping into line of credit instead
yes, you can redeem them and likely you will lose the interest you would've earned from that GIC. It's as simple as walking into a bank and having the Branch Manager override it. You shouldnt have to live in a cardboard box just to so you can keep earning that 2% - 3% GIC interest per year
is it in an RRSP? no problem, claim its "financial hardship". They dont need proof of it. But it would affect you with your taxes as it's considered income.
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