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Guaranteed investment certificate

Guaranteed investment certificate

A GIC is a Canadian investment that has a guaranteed rate of return for a fixed period of time. Many banks offer different types of GICs. The bank that gives you the GIC must confirm that you bought a GIC by giving you 1 of the following:​

Make you confirm your identity before they release any funds to you. Release the funds to you by providing.
The GIC you get for the Student Direct Stream (SDS) must be held in an investment account or a student account and will be released to you when you arrive in Canada. If your GIC doesn’t meet this criterion, you won’t be able to apply through the SDS.
The required SDS GIC amount depends on your intended province or territory of study.
The following list includes financial institutions that may offer GICs that meet the SDS criteria. It is up to you to make sure the GIC you submit meets the SDS criteria.