answered
As it is an investment, this is not an expense, but an asset, treated the same way for accounting (and tax) purposes as cash in a bank account. Any interest earned on the GIC has to be reported as income.
As it is an investment, this is not an expense, but an asset, treated the same way for accounting (and tax) purposes as cash in a bank account. Any interest earned on the GIC has to be reported as income.
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