Should I Invest in GICs (With 2023 Examples)

With Guaranteed Investment Certificate (GIC) rates sitting at some of the highest levels we've seen in over 15 years, you may be wondering if GICs are a good investment right now.

In this video, we walk through what a GIC is, how these investments are protected, the potential for a negative real return (!) and other "pro's" and "con's" to consider in adding these investments to your portfolio.

TOPICS COVERED:
0:35 Current GIC Landscape (Spring 2023)
1:14 What is a GIC?
1:50 Key Advantages of GICs
2:04 How Are GICs Insured (Federal vs. Provincial Coverage)
2:56 Volatility or Lack Thereof
3:18 Key Disadvantages of GICs
3:21 Liquidity (Redeemable vs. Non-Redeemable GICs)
4:09 How Are GICs Taxed?
4:40 Key Consideration: Net Negative Real Returns?!
5:26 Interest Rates, Term Length of GIC and Yield Curves
6:56 Should I Invest in a GIC? (Summary)

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Hello! I'm Darcie Crowe, Founder of Crowe Private Wealth. Recognized as one of Canada's Top Wealth Advisors by The Globe and Mail, my team's main priority is to transition you to a more secure financial future.

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DISCLAIMER:
Investing in any of the asset classes mentioned here may not be suitable for all investors, as there are different types of risks involved with this investment strategy. Even if suitable to your level of risk tolerance, any of the asset classes mentioned here may not be appropriate for your portfolio, depending on what other investments you hold. Please note that, from time to time, we may have personal investments in any of the asset classes mentioned here. Please do not hesitate to contact us should you want to know more about any of the asset classes mentioned here or have any related questions. Diversification and asset allocation do not ensure a profit or guarantee against loss. Past performance is not necessarily an indicator of future performance.