Common use of Springboard GIC Clause in Contracts

Springboard GIC. If your Fixed Date Deposit’s Account is indicated on its confirmation as a Springboard GIC, then the amount of interest reported for tax purposes may not be the actual amount of interest earned by you in that year as ATB Financial is required to report an amount based on an average rate over the full term of your Fixed Date Deposit.

Appears in 5 contracts

Samples: Agriculture Account Agreement, Banking Account Agreement, Banking Account Agreement

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