7 lines
430 B
Markdown
7 lines
430 B
Markdown
T-bills in a nutshell:
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- Issued by the **federal government** (not provincial — rules out D)
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- **No coupon** — sold at discount, mature at face value (rules out A)
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- Terms of approximately **3 months, 6 months, and 1 year** (rules out B)
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- Return is taxed as **income**, not capital gains — this is a specific exam fact worth remembering
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- Auctioned every **two weeks** by the Ministry of Finance through the Bank of Canada |