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)