Services

What Are Guaranteed Investment Certificates (GIC's)?

Guaranteed Investment Certificate (GIC)

Guaranteed Investment Certificate (GIC) is a low-risk investment option most commonly issued by trust companies or banks.  Investing in a GIC means you invest a certain amount of money (called the “principal amount”) for a defined period of time and you are guaranteed a certain rate of interest on the money you put in.  This means that once your GIC matures, you will receive the principal amount plus the guaranteed interest earned.  CDIC (Canada Deposit Insurance Corporation) will guarantee eligible deposits up to a maximum of $100,000 (principal and interest combined) for financial institutions that are members of the CDIC.  At Matchett Financial Services, we only deal with GIC companies that are CDIC members.  We also track GIC rates for over 50 trust companies and banks every day covering the top rates in Canada.  

A GIC is one of a variety of investment options.  By working with us, we can explore which type of investment product(s) might be right for you and can help you build a suitable financial plan.  Book your free consultation today.

Life Insurance

If you pass away suddenly, the financial implications on your family can have a devastating impact.  You can help by getting life insurance.  

Critical Illness Insurance

If you become critically ill, critical illness insurance can help protect you and your family by helping with costs associated with recovery.  If your specific policy covers your illness and if you survive the waiting period, you’ll receive a lump-sum cash payment.  

Disability Insurance

If something happens to you and you can no longer work, disability insurance can help protect you and your family by replacing part of your regular income up to a maximum amount for a specified amount of time.  The amount of time you are covered by disability insurance can either be short-term or long-term.  

Travel Insurance

If you live in Canada, you likely have a government health insurance plan, but depending on where you are travelling, you may only have minimal health insurance coverage.  Illness and accidents can be very common when travelling.  Travel insurance is important because it helps protect you from unforeseen costs that can occur due to medical emergencies or unexpected reasons for interrupting or cancelling your trip.  

Subcategories

 

Retirement Planning

 

Did you know?  The number of years you work are likely to be the same number of years you are retired!  Financially, that's a lot to plan for.  These are some of the ways your retirement savings can be created and managed. 

If you are new to Matchett Financial Services, we encourage you to book a free consultation with one of our experienced advisors to discuss your retirement goals and create a personalized plan for success.

 

 

Tax Planning

 

Do you feel surprised by your tax return every year?  You don't need to with tax planning.  Here are some ways your taxes can be less painful ― and we can assist you with all of them.

If you are a new or pre-existing investment client with Matchett Financial Services, we encourage you to book a free consultation with our tax specialist to make sure all of your tax needs are taken care of.

 

 

Estate Planning

 

When you pass away, will your wishes for all of your assets be granted?  Everyone should have a will and power of attorney in place.

It's also a good idea to get life insurance to be sure your loved ones are taken care of in the event you pass away earlier than expected.

If you are new to Matchett Financial Services, we encourage you to book a free consultation with one of our experienced advisors to do estate planning and make sure everything is properly in place.  We also have a list of lawyers we are happy to refer clients to if they haven't completed paperwork for their will or power of attorney yet, so please ask.

 

 

Insurance

 

Insurance is an important part of any financial plan.  When life goes smoothly, you have very little to worry about as long as you make it to work on time and pay your bills... but what if you become critically ill, injured or pass away in an untimely manner?  Will your family be taken care of financially?  Medical bills or funeral arrangement costs can devastate your family's financial savings.  Protect your family; learn more about the four types of insurance we offer below.

If you are new to Matchett Financial Services, we encourage you to book a free consultation with one of our experienced insurance advisors to discuss which policy (or policies) will ensure the most coverage for you and your family.