10 Valuable GIC Tips

HIGHEST GIC RATES AS OF March 5th, 2010

(RRSP, RRIF, Non-Registered):

- 5 Year Term, over $25,000 earns 3.550%

- 6 Year Term, over $75,000 earns 3.750%

TFSA SPECIAL OFFER:

- 5 Year Term earns 3.40% (minimum $500).

(Rates subject to change without notice.)

#1) Shop, Shop, Shop! Be sure to include quotes from life insurance companies. Rates are significantly higher than the "Big 5 Banks"; EXAMPLE: On a 5 Year GIC, you can earn $1,000 additional interest on each $10,000 of deposit.

#2) Ask your broker to provide a "CANNEX" print-out comparing rates for Financial Institutions (including Insurance Companies);

#3) Insurance companies' GICs offer an optional beneficiary designation advantage (i.e. an opportunity to bypass probate);

#4) Potential special creditor protection similar to life insurance contracts;

#5) Insurance companies'GICs offer interest designation that is eligible for Pension Tax credit on Non-RRSP GICs (whereas Banks' interest does NOT qualify);

#6) For volume interest bonus purposes, Insurance Companies will give credit for existing GIC funds in your account including past GIC investments; EXAMPLE: Assume you have several past GICs in your account for a combined volume of $25,000. You wish to purchase an additional $10,000 GIC. For banding purposes, you will earn the highest possible rate based on $35,000 volume (not just $10,000);

#7) Potential for Pension splitting opportunities;

#8) Insurance companies'GICs can be converted to GUARANTEED lifetime income (NO Fees);

#9) Insurance companies offer $100,000 maximum deposit protection (ASSURIS), the Insurance Companies'equivalent to Banks' CDIC.

#10) With Insurance Companies, you can diversify your investment durations (laddering) i.e. breaking down deposits into smaller parcels while still earning the higher volume bonus on each GIC based on total funds in your account.

BONUS TIPS:

A) Insurance companies offer the additional flexibility of redeemable GICs without sacrificing on higher interest rate offered compared to Banks locked-in versions;

B) Mark your GIC renewal dates on the calendar 45 DAYS IN ADVANCE of the maturity dates then shop for the best GIC and secure a RATE GUARANTEE whereby Insurers pay the higher of current rate or the rate at the time funds become available!

Call NOW for your customized quote! 1 800 884-2126