You’ve decided which GIC issuer to invest with, and the length of the term. The next step is to call our GIC Client Advisors at our Deposit Placement Desk (905 844 7700) to confirm and book the rate.
The benefits of being a Fiscal Agents client
As a Fiscal Agents client, obtaining Bigger-Pay GICs from any of the listed institutions will be easier than ever before – transactions may be completed with your verbal instructions, and usually require only for you to hand over a cheque, as well as any required forms to be signed. You’ll have simple, continuous access to the many national and regional issuers we do business with – we do the major lifting of the application process for you. You’ll then receive the Guaranteed Investment Certificate document, as well as our MoneyGuide Deposit Tracker and Interest Income Planner statement – a handy tool to review your portfolio, which we explain in detail on this page. Maturities are even easier: Our Deposit Placement Desk looks after those in a snap – returning your deposit or reinvesting the amount, as per your instructions.
Opening a Deposit Placement account with Fiscal Agents
In order to become a Fiscal Agents client, you will be asked a series of common security questions to confirm your identity before transactions can be processed, to satisfy government regulations.
We also require the following:
- A personal cheque from a Canadian Financial Institution (pre-printed with your name and address)
- A Canadian Social Insurance Number
- An e-mail address
- Up to two pieces of Canadian Government issued identification, depending on the institution you’ve selected to invest with (for more information on identification requirements, click this link for a list of acceptable types of identification).
With opening an account and processing the GIC purchase with the financial institution of your choice, it is required that you consent to an in-person identification verification check, along with the required items mentioned above. For more information about valid identification requirements, you can read more on the FINTRAC page: Methods to identify individuals and confirm the existence of entities.
Fiscal Agents has over 45 years in providing better than average interest rates, coupled with the volume of business we do (and the fact that we can help attract GIC investors for the financial institutions, which can operate without having expensive retail branches of their own in many locations). This rewards our clients with bigger-pay GICs, guaranteed security of capital, and predictability of income. Fiscal Agents are founding members of the Registered Deposit Brokers Association of Canada (RDBA), and we do our due diligence to ensure the GIC products you want to buy are from companies that are provincially or CDIC-insured. We are also governed by Canada’s banking regulators, with oversight and regulation at an institutional issuers mantle.
* Your deposit will start earning interest as soon as funds are received. Certain minimums and conditions may apply.
