is becoming Beneva

Welcome to our world! The one that protects yours. SSQ Insurance will join us later. We’ll keep you posted!

Make yourselves at home

Indicate your preferences to help us help you.
Language
 

Traditional GIC

Enjoy the win-win of safety and performance.

Bonus! We progressively increase interest rates on investments over $10,000.1

Return
Up to 3.50%

Risk
Low

Find an advisor
Voir plus de contenu

Or give us a call at 
1 855 896-9495

How does a GIC work? Simply put, it's like lending your money to an institution for a term that you determine when you initially sign a contract.

At maturity, you get back all the money you “loaned”, plus predetermined and guaranteed interest. This play-it-safe option rules out the unexpected.

 


The basics

What do I need to consider?
 

The more you invest, the better the rate of return.

Bonus! We progressively increase interest rates on investments over $10,000.1

Like a loan, your investment has a term that you choose with your advisor when signing a contract.

The longer the term, the more attractive the return rate.

These funds are then invested until the end of the contract, unless you choose a redeemable GIC. Just make sure you don’t have any plans for this money until then!

You have 2 options with a traditional GIC:

  • Redeemable GIC for the choice to make an early withdrawal. 2
  • Non-redeemable GIC for a more attractive rate, but you’ll have to wait until the maturity date to get your investment back.

Beneva, a smart investment

We invest responsibly

Beneva only works with portfolio managers who are signatories to the UN Principles for Responsible Investment.

We personalize your strategy

We take great care in proposing diversified investments adapted to your profile. 

We keep your money safe

Deposit coverage by Assuris of up to $100,000 per account category. 3 

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. 

Current GIC rates

For cashable rate options, calculate - 0.250% on the posted rate

Traditional GIC:
Compound interest / Non redeemable / Redeemable (adjustment of - 0.250 % to the posted rate)
Special terms GIC + :
Compound interest / Non redeemable
Portfolio* /
Deposit		 $500 to
$9,999		 $10,000 to
$49,999		 $50,000 to
$99,999		 $100,000 to
$199,999		 $200,000 to
$349,999		 $350,000
and over **
1 year 1.850 % 1.900 % 1.950 % 2.000 % 2.050 % 2.100 %
2 years 2.200 % 2.250 % 2.300 % 2.350 % 2.400 % 2.450 %
3 years 2.500 % 2.550 % 2.600 % 2.650 % 2.700 % 2.750 %
3 years +*** 2.500 % 2.500 % 2.500 % 2.500 % 2.500 % 2.500 %
4 years 2.650 % 2.700 % 2.750 % 2.800 % 2.850 % 2.900 %
5 years 2.850 % 2.900 % 2.950 % 3.000 % 3.050 % 3.100 %
5 years +**** 2.850 % 2.850 % 2.850 % 2.850 % 2.850 % 2.850 %
7 years 3.100 % 3.150 % 3.200 % 3.250 % 3.300 % 3.350 %
10 years 3.250 % 3.300 % 3.350 % 3.400 % 3.450 % 3.500 %

As of 2022/05/20

  • * In order to determine the bonus, the portfolio is defined as the sum of GICs (other than the Equity Index GIC) and the daily interest account (DIA) issued by La Capitale Civil Service Insurer that are held by the client and his or her spouse (if paired).
  • ** Contact your financial security advisor for amounts higher than $350,000.
  • *** Maturity date October 2025
  • **** Maturity date October 2027

The portfolio bonus is included in the rates illustrated above.

Which plan is right for my GIC?

Service fee information
Registered plan

RRSP

Registered retirement savings plan: Save more, pay less income tax
Registered plan

RRIF

Registered retirement income fund: Turn your RRSP savings into income
Registered plan

LIF

Life income fund: Withdraw from your LIRA or pension at retirement
Registered plan

LIRA

Locked-in retirement account: Manage your pension your way
Non-registered product

Non-registered product

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!

Equity Index GIC

Want a little more action? We’ve got a GIC for that.

Our Equity Index GIC strikes the balance between security and boldness: a portion of your capital accumulates guaranteed interest while the other is exposed to the stock market.

Set return rate: Up to 2.80%

Variable return rate: Up to 13.48%2 over 1 year

Risk: No risk

Discover the Equity Index GIC
Legal notes

1. Certain conditions apply. In order to determine the bonus, the portfolio is defined as the sum of GICs (other than the Equity Index GIC) and the daily interest account (DIA) issued by La Capitale Civil Service Insurer and that are held by the client and his or her spouse (if paired).

2. Subject to applicable fees and penalties.

3. $100,000 for TFSAs and $100,000 for other registered contracts (RRSPs, RRIFs, LIRAs and LIFs).

4. On behalf of Beneva Financial Advisors, a financial services firm, or Partners of Beneva Financial Advisors, a financial services firm.

If interest rates published on this site differ from those in the official list from La Capitale Financial Group Inc., the official list published by La Capitale Financial Group Inc. shall prevail. Interest rates are subject to change at any time without notice.