Investing & Saving
Guaranteed Investment Certificates (GICs)
Term deposits that may pay a stated or variable interest rate according to the issuer’s terms.
Investment values can fluctuate. Returns are not guaranteed. Past performance does not predict future results.
What it is
A GIC is a deposit product where you agree to leave funds with a financial institution for a set term in exchange for interest. Some GICs are redeemable early with penalties; others are non-redeemable.
CDIC insurance may apply to eligible deposits at member institutions up to applicable limits. Insurance does not cover market-based investments.
Who may want to learn about it
- You may want to learn about GICs if you prioritize principal protection and predictable interest within a registered or non-registered account.
Common considerations
Risk and volatility
Market-based investments can lose value. Returns are not guaranteed and past performance does not predict future results.
Fees and compensation
Management fees, sales charges, and other costs reduce net returns. Ask how compensation is structured.
Time horizon
Longer horizons may allow more volatility, but suitability depends on your goals and other holdings.
Tax treatment
Registered accounts have rules for contributions, withdrawals, and attribution. Tax rules can change.
Interest rate risk
Locking in a rate may help stability but may miss higher rates if market rates rise.
What to bring to a consultation
- Government-issued photo ID and contact information
- List of existing registered accounts (TFSA, RRSP, RESP, etc.)
- Recent account statements or contribution summaries, if available
- General time horizon and goal categories (education, retirement, savings)
- Employer pension or group plan summaries, if applicable
- Questions about fees, risk tolerance categories, and tax treatment (for advisor discussion)
This page is for general educational information only and does not replace advice from a licensed professional. SEENCO Financial Services Inc. does not guarantee approval, payout, savings, returns, or performance.
Related pages
Frequently asked questions
Principal and interest depend on the issuer and contract. CDIC may protect eligible deposits at member institutions within limits.
Speak with a licensed SEENCO advisor
Request a consultation in plain language — no pressure, no commitment. A licensed advisor can review options when you are ready.