Equity Index GIC
Our hybrid GIC : One foot in the market, the other on safe ground.
Capital guaranteed at maturity or upon death, even the capital linked to market performance.1
Up to 2.80%
Up to 13.48%2
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Our Equity Index Guaranteed Investment Certificate (GIC) is a hybrid GIC: partly linked to market performance, partly guaranteed at a predetermined fixed rate.
This option offers a higher potential return than the Traditional GIC, while also providing a level of security.
What do I need to consider?
Our Equity Index GIC offers you a 100% capital guarantee at death. Essentially, you can't lose the portion of your capital that you've decided to guarantee, no matter which way the markets move.
You also choose your capital guarantee at maturity: 90%, 100% or 110%—yes, you can even guarantee some of your gains, but only in registered accounts. The lower the capital guarantee, the more profitable the conditions.
Like a loan, you agree on a term with your advisor when signing a contract. Choose whether your investment matures after 5, 7 or 10 years.
The longer your term, the more attractive the rate for the fixed portion.
You can redeem your GIC anytime, but certain fees and penalties may apply for early withdrawals.3
The variable portion of your Equity Index GIC will be linked to market performance, but without you having to manage each of its investments. Its performance will reflect a market index or a fund, as you choose.
- Market index: Returns are based on the performance of a recognized market index, such as the Toronto Stock Exchange.
- Actively managed index: Returns mirror the performance of a mutual investment fund overseen by a leading management firm.
Beneva, a smart investment
Enjoy greater stability
The Equity Index GIC's guarantees translate into stable returns compared to stock market investments.
We guarantee your capital
In the event of death, your beneficiaries can recover all the capital you invested, no matter which way the market moves.
You can choose your beneficiary
When you invest with an insurer, you can designate a beneficiary to receive the balance of your account in the event of death.
We keep your money safe
Deposit coverage by Assuris of up to $100,000 per account category.4
The fixed return portion of your Equity Index GIC will be determined at the time of the contract. It's influenced by your choice of capital guarantee, index or reference fund, as well as your term, among other things.
Want a clearer picture? Our Issues Report provides a history of portfolio composition the and return rate on the fixed component.
For the portion of your GIC linked to the stock market, you can choose between a market index and two actively managed index funds. Need help deciding? Our financial advisors5 can guide you.
Actively Managed Reference Fund: Canadian Low Volatility Equity (TDAM)
Actively Managed Reference Fund: Low Volatility Global Equity (TDAM)
Market Index: S&P/TSX60Talk to an advisor55
Registered retirement savings plan: Save more, pay less income tax
Tax-free savings account: Flexible withdrawals, tax-free growth
Registered retirement income fund: Turn your RRSP savings into income
Life income fund: Withdraw from your LIRA or pension at retirement
Locked-in retirement account: Manage your pension your way
If none of the proposed registered plans seem right for you, or if you’ve maxed out your contributions, you can go with the non-registered option. No tax perks, but no restrictions either!