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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


Fixed returns
Up to 2.80%

Variable returns
Up to 13.48%2

Risk
Variable


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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.

 



The basics

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

Safety or performance? Strike a balance.

Fixed component

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.

 

  • Issues report

Variable 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/TSX60

Talk to an advisor55

Traditional GIC

Rather play it safe? We’ve got a GIC for that.

Our Traditional GIC: a guaranteed fixed rate. This classic GIC is risk-free and offers attractive features such as:

  • redeemable or non-redeemable rate options
  • progressive rate bonuses for investments over $10,000

Set return rate
Up to 3.50%

Risk
Low