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@gaylfer Yeah definitely put it in your TFSA if you have room! You won’t have to pay any tax on the gains you make with that amount. GIC’s/bonds for that amount of money really won’t give you much back. Roughly around $250 per year. Even an ETF or stock would get you around $500-$1000 per year...

@gaylfer It depends on a lot of variables such as how long you plan on investing the money, what is your risk tolerance for it and do you have contribution room in your TFSA? If you want a guaranteed return for your invest that’s zero risk then GIC’s/bonds are what you want. Maybe make 4-6%...