GIC

A GIC is a guaranteed income certificate. The interest is usually quite low but in recent times these conservative guaranteed returns have become more popular.

You need to talk to your accountant, financial planner, agent or broker as to what suits you and your spouse. The financial institutions will give guarantees to certain limits. You need to explore the possibilities of using your name, your spouse's name, both your names to gain the full extent of the guarantees.

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