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Brain Donation

brain donationMany people consider body or tissue donation but have you considered brain donation?

Brain donation to the Douglas-Bell Canada Brain Bank provides national and international researchers with the necessary brain tissue; cells, proteins, and genes to study neurodegenerative and psychiatric diseases.

Both healthy and unhealthy brains are required to provide the brain tissue for researchers to strive to understand mental and neurological disorders such as Alzheimer Disease, Parkinson Disease, frontotemporal dementia, Pick disease, and the biological factors associated with mood disorders, and suicide.

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Should You Renew or Cash in Your GIC?

bigstock-Green-Wheel-Barrel-Full-Of-Dol-5607013A GIC is a funding vehicle used to earn money on the principle invested with a guaranteed rate of return for a set period of time and many people appreciate the safety of investing their money in Guaranteed Investment Certificates (GIC). Now, if you invested your money into a GIC say five years ago, you may have been earning a 7% rate of return on your principle.  This looks wonderful compared to the current guaranteed interest rate of 1.5% to 2.0 % or so. Is now a good time to renew or cash in your GIC?

Although the principal amount invested is guaranteed, the interest earned on a GIC is taxable as income.  If the investor has a marginal tax rate of 22% then the real return on the GIC is lower than the original 7% guaranteed over the term of the GIC.  The realized rate of return is just under 5.5%.  And in the current GIC market the guaranteed rate of return is much lower than 7% and is hovering around 1.5 to 2.0%

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