What is a GIC?

This infographic defines what they are and outlines some reasons why you may consider adding GICs to your portfolio.

What is a GIC?

A GIC (Guaranteed Investment Certificate) is an investment vehicle that offers a guaranteed return on investment over a specified term, typically ranging between 30 days and 10 years. 

GICs are a popular and secure investment option for many people. They are often purchased by investors who prioritize stability and predictability in their investment portfolios.

Why would an investor consider a GIC

  • Low risk
  • Guaranteed return
  • Variety of options
  • Reduce risk and volatility in your investment portfolio
  • Achieve a short-term savings goal
  • Reduce tax (if held in a registered account)

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