A Guaranteed Investment Certificate (GIC) is a secure, low-risk investment option available in Canada, ideal for individuals looking to grow their savings while preserving capital. Offered by banks and financial institutions, a GIC requires you to invest a fixed amount for a set term, ranging from a few months to several years. In return, you earn a guaranteed interest rate, ensuring predictable growth regardless of market fluctuations. GICs can be cashable (allowing early withdrawal) or non-redeemable (locked in for the full term). They are commonly used for short-term savings goals, retirement planning, and tax-advantaged accounts such as RRSPs and TFSAs. With principal protection and guaranteed returns, GICs are a popular choice for conservative investors seeking financial security.