If you are an international student considering pursuing your studies in Canada under the Student Direct Stream (SDS), we can help you open a Guaranteed Investment Certificate (GIC) account for free and also aid with the transfer of funds at the best exchange rate available.
GIC is a secure investment option that guarantees the full amount of your original investment as well as the interest over a pre-determined and fixed timeframe.
In order to apply for a study permit under the SDS program, you must purchase a GIC in the amount of CAD 10,000. You will receive a portion of this investment + interest every month for a 12 month period. This can be used to cover your living expenses during your first year stay in Canada.
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