Guaranteed Investment Certificates (GICs) are one of the safest investment options available to Canadians. Your principal is protected, and you're guaranteed a fixed rate of return over a set term.
CDIC Protected: GICs from member institutions are insured up to $100,000 per category
Guaranteed Returns: Know exactly what you'll earn - no market risk
Guaranteed Returns: Know exactly what you'll earn - no market risk
Benefits of GICs
Principal Protection
Your original investment is 100% guaranteed - you can never lose your principal.
Guaranteed Returns
Lock in your interest rate for the term. No surprises, no market volatility.
Flexible Terms
Choose from 30 days to 10 years. Match your GIC term to your financial goals.
CDIC Insured
Deposits at CDIC member institutions are protected up to $100,000.
Types of GICs
- Fixed-Rate GICs: Traditional GICs with a guaranteed interest rate for the entire term
- Variable-Rate GICs: Interest rate may change based on market conditions
- Market-Linked GICs: Returns tied to stock market performance with principal protection
- Cashable/Redeemable GICs: Access your money before maturity (usually lower rates)
- Non-Redeemable GICs: Higher rates in exchange for locking in your money
GICs in Registered Accounts
GICs can be held inside tax-advantaged accounts:
- TFSA: Interest earned is completely tax-free
- RRSP: Interest grows tax-deferred until withdrawal
- RRIF: Provides stable income in retirement
- RESP: Safe growth for education savings
Who Should Consider GICs?
- Conservative investors who prioritize capital preservation
- Retirees seeking stable, predictable income
- Anyone saving for a short-term goal (1-5 years)
- Investors looking to balance a portfolio with safe assets
- Those who want guaranteed returns without market risk
Find the Best GIC Rates
Our advisors can help you compare GIC options and build a laddering strategy.
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