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IP-Profiler - Investments / Deposits
Guaranteed Investment Certificates / Debentures

Today's investor has no shortage of investment options to choose from. At Fiscal Agents we believe that an informed investor is our strongest asset and as such, our financial advisors have an open-door approach to the financial services marketplace. We can help guide you through many types of investments decisions.

We believed so strongly in our mission to make money management easy for our clients that we went and had it registered as our Trade Mark - Money Management Made EasyŽ.

We want you to profit from our research. This section provides a base reference source of investment products in a simple format. The information outlined below is provided to give an overall illustration of parameters that may be in effect for this investment product.

Investment Product  
P r o f i l e r :
Guaranteed Investment Certificate / Debenture
Questions to Ask: Answers you may find:
Incorporated: Provincially or Federally - Ontario
Instrument issued: 
Term (Years):
Guaranteed Investment Certificate  
Long term 1,2,3,4,5 also 6,7,9 and 10 years*

* Some companies issue past 5 years without Deposit Insurance.
See CDIC Links
Certificate/Confirmation Issued: Confirmation need not be surrendered at maturity. Certificates available upon request but must be surrendered at maturity.
Interest Payment Frequency /  
Minimum Deposit:
Annual ($500) 
Semi-Annual ($500) 
Quarterly ($5,000) 
Monthly ($5,000) 
Compound Annually ($500)
How are Cheques with J.T.W.R.T.S Worded: John (and, or, and/or) Mary 
As GIC registration indicates.
Rate Reduction From Annual Rate: Semi-Annual - 1/8% 
Quarterly - 1/4% 
Monthly - 1/4%* 
Weekly - 1/4%* 
*Seniors receive 1/8% - 1/4% bonus on monthly pay GICs if interest is deposited to a clients A/C at issuer.
Interest Payment Dates: On anniversary date, semi-annually, quarterly, monthly or at maturity from purchase date.
Instrument maturing on anniversary  
date / business day:
Business day
Mail Interest Cheques: 3 weeks prior to payment date, or same day if direct deposit.
Compounding Option: 2-5 years annual rate or rate reduction from annual rate
Transferable Yes 
1. Branch 
2. Varies 
3. $25 each 
4. Re-issued from the last payment date or from the original investment date on annually compounding certificate.
Assignable: Yes, only with Issuer.
Redeemable / Redemption Penalty: If within 30 days after purchase/renewal date, no interest paid. No partial redemption.
GICs Cashable / Transferable upon death: Yes 
Documentation required (and/or):
  • Proof of death, 
  • Copy of will, 
  • Letters probate (if over $20,000) 
  • Declaration of transmission.
  • Notarial copy of death certificate
  • Bond of Indemnity / Power of attorney - small estate
Fee/Penalty:  None if issuer is the executor; if not $5 per certificate, max $25.


Certificate/Confirmation Issued:

In addition of what type of note is issued we wish to point out that upon maturity, we are referring to whether or not the certificate or confirmation need be surrendered in order for redemption to take place.


1. Where does the transfer of ownership take place? (i.e. Head Office or Branch)
2. How long does transfer take?

3. Are there any charges?

4. What date is the certificate re-issued from?


Data extracted from The Fiscal Reports - Investment Instruments Report # 5 - 1 and provided as a generic product illustration only - issuers of such products may have some, but not all of the features shown below.

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