The Manulife Investments Guaranteed Interest Contract (GIC)

Security for your portfolio. Peace of mind for you.

GICs can provide you with the key benefits you're looking for:

  • A solid foundation for your investment portfolio – reducing overall portfolio risk and providing you with more consistent returns
  • A positive rate of return – guaranteeing that at least part of your portfolio is continually growing
  • Peace of mind – you'll rest easy knowing that your principal is safe and secure

A Manulife Investments GIC provides certain benefits that may not be available through mutual fund organizations, banks, or trust companies, plus a broad range of investment choices:

  • The Basic Account
  • The Laddered Account
  • The Escalating Rate Account
  • The Market Growth Account
  • The Daily Interest Account

For more information, please contact us.

*The Manufacturers Life Insurance Company is the issuer of the Manulife Investments GIC.

Registered Retirement Savings Plan (RRSP)

An RRSP is a retirement savings plan that you establish, that is registered with the Canada Revenue Agency, and to which you or your spouse or common-law partner contribute. Deductible RRSP contributions can be used to reduce your tax.

Any income you earn in the RRSP is usually exempt from tax as long as the funds remain in the plan; you generally have to pay tax when you receive payments from the plan.

To learn all the facts, please contact us.

Registered Retirement Income Fund (RRIF)

A RRIF is a fund you establish with a carrier and that is registered with the Canada Revenue Agency. You transfer property to the carrier from an RRSP, RPP, or from another RRIF, and the carrier makes payments to you. Establishing a RRIF can be done at anytime, but must be done no later than the year the annuitant turns 71. Once a RRIF is established, there can be no more contributions made to the plan nor can the plan be terminated except through death.

You can have more than one RRIF and you can have self-directed RRIFs. The rules that apply to self-directed RRIFs are generally the same as those for RRSPs.

For more information, please contact us.

Source: Canada Revenue Agency