Coming into Force dates announced for amendments to CDIC Act - GIC Wealth Management



Welcome to GIC Wealth Management Inc.

For our full list of institutions and rates, and to be notified of future rate specials Click Here

620true dots bottomleft 320true false 1500
  • 5000 random false 60 bottom 30
  • 5000 random false 60 bottom 30
  • 7000 slideleft true 150 right 30
    GIC Wealth Management Inc. is a proud member of the Registered Deposit Brokers Association.

    To learn more about the RDBA please click for more information

  • 5000 slideleft false 60 bottom 30
  • 5000 slideleft false 60 bottom 30
Special Rates
1 year 1.15% **
18 months 1.50% **
2 year 1.55% **
30 months 1.75% **
3 year 1.75% **
4 year 1.75% *
5 year 2.05% **
Minimum Investment $25,000 * Minimum Investment $50,000 **

CDIC Deposits Insured up to $100,000 DICO Deposits Insured up to $250,000 Assuris Deposits Insured up to $100,000

Rates are subject to change without notice.
Certain minimums may apply. Call for details.

Proud Members of the RDBA

GIC Wealth Management Inc. is a member of the Registered Deposit Brokers Association. The RDBA is the professional standards Self-Regulatory Organization (SRO) for the Canadian Deposit Broker Industry. Membership in the organization includes Financial Institutions, Deposit Brokers and their representatives. The organization is a strong supporter of a regulated industry and strives to work closely with federal and provincial governments and other regulators to insure investor safety and compliance with regulatory mandates.With every deposit we make on your behalf, a Client Consent and Information Form issued by the RDBA and signed by the client is required. If you have any questions about the RDBA, or the required form, please contact us.

Contact Us

FYI / Blog

We are constantly sending out rate specials, product announcements, updates, newsletters and tips. If you would like to receive this information, please sign up for our rate sheet, or visit our “FYI” page!

3 Reasons Why GIC Wealth Management Offers Higher GIC Rates than Banks and Credit Unions. Click here

FAQ: Understanding Depositor Insurance in Canada
There are four different types of depositor insurance programs in Canada. Read this FAQ for the basics on how they work and what they cover. Click here

Read More


I have used the services of GIC Wealth Management Inc. for the past 8 years, and have found both Kevin and Brandon to be very helpful and knowledgeable in the investment industry. It has always been a quick and simple process to have my investments transferred to one of the institutions they represent. I will definitely keep my investments with GIC Wealth.”

– EA, Toronto

Read More

Coming into Force dates announced for amendments to CDIC Act

Today’s announcement from the Department of Finance Canada provides the coming into force dates for the amendments to the CDIC Act:

  • Remove travellers’ cheques, which are no longer issued by member institutions, as an eligible deposit.
  • Eliminate the five-year term limit on guaranteed investment certificates (GICs), as longer-term products are now available.
  • Extend coverage to foreign currency deposits, which are widely used by Canadians.
  • Treat all registered products in the same manner by adding new deposit categories for Registered Education Savings Plans and Registered Disability Savings Plans, so that every registered product is covered up to the same $100,000 limit.
  • Streamline coverage for mortgage tax accounts by eliminating their separate coverage category (funds held in mortgage tax accounts would still receive coverage under other coverage categories as long as the funds are held as an eligible deposit, e.g., as an individual or joint deposit).
  • Improve the rules for trust deposit accounts, by clarifying record keeping requirements and facilitating more timely payouts if a bank fails.

The deposit insurance review provisions pertaining to travellers’ cheques, removing term limits on GICs, and extending coverage to foreign currency deposits come into force April 30, 2020. The amendments pertaining to registered deposits, mortgage tax accounts, and trust deposits come into force one year later, April 30, 2021.

For more details on the amendments to the Act, read the Finance Canada press release here.