Guaranteed Investment Certificate Account Types.


Guaranteed investment certificates can be held either in a registered or non-registered account. Registered for personal individual accounts like RRSP and TFSA. Non-registered accounts for condos and joint accounts.

Individual Guaranteed Investment Certificate  Accounts

Guaranteed investment certificates are typically used by investors for a safe fixed-income portion of their portfolio. Alternatively, individuals can use GICs for parking a set amount of cash to make sure they get guaranteed returns and safety of principal.  As an individual you can invest in an RRSP, RRIF or TFSA on an individual basis. 

RRSP

Buying an individual guaranteed investment certificate or creating a GIC ladder could be beneficial as an investment strategy within an RRSP account if you're not ready to invest in equities for example.

RRIF

Guaranteed investment certificates are a good way to park cash within a Registered Retirement Income Fund.  Held personally, you could use it as a strategy to take your compulsory withdrawals if you want safety of principal.

TFSA

Tax Free Savings Accounts (TFSA) are great for emergency funds or if you want to get maximum returns on equity investments without paying taxes on growth. You could also park your cash in a guaranteed investment certificate if you want to invest later.

INVESTOR TIP: Interest bearing investments like GICs attract the highest investment tax rate in Canada. They do not get preferential tax rates like dividends or capital gains.  Holding your guaranteed investment certificates within an individual registered account like a RRIF or TFSA over a non-registered account is always a good strategy if possible.

Condominium Corporation Guaranteed Investment Certificates

Budgeting by condominium boards involves not one, but two annual budgets, each covering a specific type of expenditure. Recurring expenses such as security, taxes, utilities, staff salaries, insurance and maintenance are the items most frequently found in the annual operating budget. Major repair projects, replacements and maintenance, and emergency funds fall under the capital reserve budget and financed through a separate reserve fund and condominium owner assessments. 

A prudent board will manage the reserve fund monies in a manner that ensures the fund is adequately funded, the capital amount is preserved and the reserve funds are available when they are expected to be needed to meet its capital expenditure programs. The board should also ensure that the yield on the reserve fund assets is maximized while the risk of its portfolio investments minimized.

The Problem

The condominiums reserve fund needs to have funds available to pay for future major unit repairs and other items and projects like the roof.

A strategy by the condominium corporation is needed to allocate a portion of their reserve fund that has safety of principal whilst getting reasonable returns. Due to the unknown nature of when and how repairs and projects occur, a good plan is needed to have access to these funds while getting attractive returns on growth.


The Solution

We won't just provide you with the best GIC rates on the market. We'll help you review reserve fund investments that are invested in either non or very low interest-bearing bank deposits. This can materially impact the long-term growth of the reserve fund balance. Blue Alpha Wealth will review your latest Reserve Fund Study to provide a well-defined complete investment solution, usually within 24 hours, and improve your overall rate of return. We work closely with condominium boards and managers to ensure we recommend and construct a GIC investment reserve fund plan and portfolio that suits its needs.

Guaranteed Investment Certificates for Private Corporations

A major problem faced by business owners is having access to high yielding safe investments that also allow for addressing the immediate liquidity needs. Blue Alpha Wealth can help your business invest this money in high yielding federal and provincially insured GICs, whilst creating a strategy that allows for liquidation when you need the funds.

GIC Solutions for Businesses

One of the best ways for businesses to get the highest GIC rates and returns whilst creating a situation that doesn't lock their money when they need it is to create a GIC ladder.

  • GIC ladder provides more liquidity without penalties for breaking GIC term.
  • GIC ladder allows the business to time their cashflow needs with the type of GIC they buy.
  • GIC laddering provides higher interest rates over the long term.

Buy Your GICs Today

Complete the form and we'll get back to you right away to answer your questions and walk you through to complete the process. We'll send you a secure email to setup a profile to buy GICs securely online. Alternatively, call us at (416)966-0606.

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CDIC and Assuris deposits  are insured up to $100,000. DICO deposits insured up to $250,000. Rates are subject to change without notice. Certain minimums may apply. Call for details. E&OE.

GIC $ Amount
Please Select One
  • $25,000
  • $30,000
  • $40,000
  • $50,000
  • $75,000
  • $100,000
  • $150,000
  • $175,000
  • $200,000
  • $250,000
  • $300,000
  • $350,000
  • $400,000
  • $450,000
  • $500,000+
GIC Term
Please Select One
  • GIC Ladder (Multiple terms)
  • 30-270 days
  • 1 Year
  • 2 Year
  • 3 Year
  • 4 Year
  • 5 Year
  • 6-10 Year
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Guaranteed investment certificate for charities

Secure Guaranteed Investment Certificates for Charities:

A key component of the staff and board responsible for financial management of a nonprofit organization is the creation and approval of a budget, not one, but two annual budgets, each covering a specific type of expenditure. Recurring daily operating expenses of the organization such as staff salaries, program expenses, fund raising marketing are the items most frequently found in the annual operating budget. 


Major organizational longer-term program goals and capital expenditure projects, and emergency funds would typically fall under a longer-term budget and likely financed through a separate allocation of funds. Managing finances for a nonprofit organization and having a well-defined investment plan in place is a major responsibility. Budgets may even be requested and reviewed by donors or prospective donors when considering a gift to the nonprofit or charity.

Problem

  • Charity funds are often invested in a low yield cash account or invested at unattractive retail rates through the charity’s main bank.
  • Resource and time constrained charity staff faced with very financial institution issuers in-efficient paper onboarding and transaction processes.
  • Keeping track of multiple term deposit investments and maturities in a well-managed and organized fashion often difficult.

Solution

  • Blue Alpha Wealth will provide you with one digital integrated platform to manage your GIC investments in a simple online portal.
  • We provide you the highest rates and portfolio construction tools to maximize annual income and match liquidity needs.
  • Simple single Charity new client account opening to meet anti-money laundering requirements.
  • You can fund your GIC purchases via electronic funds transfer (EFT).

Let's Get Started! Register An Account To Find the Best GIC Rates In Canada!

Complete the contact form below. You are not obligated to purchase GICs right away. This is just to setup your profile so when you're ready you can buy and view your GIC portfolio all in one place. This is a one-time setup. We'll send you a secure email to begin the process securely online and complete the setup.  We are available to walk you through the 3-5 minute setup.

Guaranteed investment certificates for businesses

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Fill Out Form To Buy GICs Online

Type of Investment Account
Please Select One
  • RRSP
  • TFSA
  • Non-Registered Account
  • Private Business
  • Condominium Corporation
  • Charity
GIC $ Amount
Please Select One
  • $25,000
  • $30,000
  • $40,000
  • $50,000
  • $75,000
  • $100,000
  • $150,000
  • $175,000
  • $200,000
  • $250,000
  • $300,000
  • $350,000
  • $400,000
  • $450,000
  • $500,000+
GIC Term
Please Select One
  • 30-270 days
  • 1 Year
  • 2 Year
  • 3 Year
  • 4 Year
  • 5 Year
  • 6-10 Year
0 of 500
By submitting this form I confirm that my information is accurate

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