GICs
E560630
GICs (Guaranteed Investment Certificates) are low-risk, fixed-income investments that provide a guaranteed return of principal plus interest over a specified term, commonly offered by Canadian financial institutions.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Guaranteed Investment Certificate | 0 |
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
debt instrument
ⓘ
deposit product ⓘ fixed-income investment ⓘ |
| canBeDenominatedIn | foreign currency ⓘ |
| canBeHeldIn |
Registered Education Savings Plan
NERFINISHED
ⓘ
Registered Retirement Income Fund ⓘ Registered Retirement Savings Plan ⓘ Tax-Free Savings Account ⓘ |
| hasAbbreviation | GIC NERFINISHED ⓘ |
| hasCommonTermLength |
1 year
ⓘ
3 years ⓘ 30 days ⓘ 5 years ⓘ 90 days ⓘ |
| hasCountryOfUse | Canada NERFINISHED ⓘ |
| hasEarlyRedemptionPenalty | possible interest penalty on cashable or redeemable GICs ⓘ |
| hasIncomeType | interest income ⓘ |
| hasInsuranceLimit | 100000 CAD per depositor per member institution (CDIC-eligible) ⓘ |
| hasInterestStructure |
fixed interest rate
ⓘ
index-linked interest ⓘ variable interest rate ⓘ |
| hasIssuerRisk | subject to credit risk of issuing institution ⓘ |
| hasLiquidityFeature |
cashable GIC
ⓘ
non-redeemable until maturity ⓘ redeemable GIC ⓘ |
| hasMaturity | fixed term ⓘ |
| hasPayoutFrequency |
interest compounded and paid at maturity
ⓘ
interest paid annually ⓘ interest paid monthly ⓘ interest paid semi-annually ⓘ |
| hasPrincipalProtection | principal guaranteed ⓘ |
| hasReturnCharacteristic | no market price fluctuation if held to maturity ⓘ |
| hasReturnType | guaranteed return ⓘ |
| hasRiskLevel | low risk ⓘ |
| hasTaxTreatmentInCanada | interest fully taxable as income in non-registered accounts ⓘ |
| hasTypicalMinimumInvestment |
1000 CAD
ⓘ
500 CAD ⓘ |
| isAlternativeTo |
government bonds
ⓘ
savings accounts ⓘ |
| isCurrencyDenominatedIn | Canadian dollar ⓘ |
| isInsuredBy | Canada Deposit Insurance Corporation NERFINISHED ⓘ |
| isMarketedTo | conservative investors ⓘ |
| isOfferedBy |
Canadian banks
ⓘ
Canadian credit unions ⓘ trust companies in Canada ⓘ |
| isRegulatedBy | federal and provincial financial regulators in Canada ⓘ |
| isUsedFor |
capital preservation
ⓘ
fixed-income allocation in portfolios ⓘ short-term savings ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.