Best 5 year gic rates:
5.00%*
*As of March 19, 2023. Rates subject to change without notice. Minimums may apply. E&OE.
Contact us for details: 905-985-1926 or 1-877-775-3948
Contact us for details: 905-985-1926 or 1-877-775-3948
SOME OF THE deposit institutions WE REPRESENT:
Deposit InsuranceThe deposit insurance coverage available for eligible deposits will depend on the institution. Chartered Banks and Trust Companies are federally insured and Credit Unions are provincially or corporately insured.
In Canada, Canadian Deposit Insurance Corporation provides deposit insurance against the loss of eligible deposits at member institutions in the event of failure. CDIC deposit insurance coverage is only available where eligible deposits are held at a CDIC member institution. Eligible deposits are automatically covered to a limit of $100,000 per insured category at each CDIC member financial institution. Members include banks, federally regulated credit unions, as well as loan and trust companies and associations governed by the Cooperative Credit Associations Act that take deposits. *Please visit CDIC's website for full details and for a current list of their member institutions.
Insurable deposits with Ontario Credit Unions are covered by the Financial Services Regulatory Authority of Ontario (FSRA formerly DICO). All insurable non-registered deposits are covered up to $250,000. Insurable deposits in registered accounts have unlimited deposit coverage.
Update: Effective June 8, 2019, the Financial Services Regulatory Authority of Ontario (FSRA) assumed regulatory duties of the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO). Click Here for more details
Deposit Insurance Provider Links:
In Canada, Canadian Deposit Insurance Corporation provides deposit insurance against the loss of eligible deposits at member institutions in the event of failure. CDIC deposit insurance coverage is only available where eligible deposits are held at a CDIC member institution. Eligible deposits are automatically covered to a limit of $100,000 per insured category at each CDIC member financial institution. Members include banks, federally regulated credit unions, as well as loan and trust companies and associations governed by the Cooperative Credit Associations Act that take deposits. *Please visit CDIC's website for full details and for a current list of their member institutions.
Insurable deposits with Ontario Credit Unions are covered by the Financial Services Regulatory Authority of Ontario (FSRA formerly DICO). All insurable non-registered deposits are covered up to $250,000. Insurable deposits in registered accounts have unlimited deposit coverage.
Update: Effective June 8, 2019, the Financial Services Regulatory Authority of Ontario (FSRA) assumed regulatory duties of the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO). Click Here for more details
Deposit Insurance Provider Links:
- CDIC - www.cdic.ca - Find out if your savings are protected using CDIC’s Deposit Insurance Estimator. For more information about CDIC's deposit insurance, visit www.cdic.ca.
- FSRA - www.fsrao.ca - The Deposit Insurance Corporation of Ontario (DICO) has amalgamated into the Financial Services Regulatory Authority (FSRA)
- NSCUDIC - www.nscudic.org
Note: 1FC Insurance Inc. is not a deposit taking company nor a deposit issuing company. 1FC Insurance is not a member institution of deposit insurance. 1FC Insurance Inc. is an independent agent for introducing deposits on behalf of the issuing companies.
Why do you need life insurance?
what are guaranteed investment funds (gifs) and what are their benefits?
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Meet Our Team
Tom Rowett and Karsten Doose have been in the financial services industry for over 20 years. They have a joint book of business meaning that either partner can serve our clients. Both are licensed in mutual funds* & life insurance products (life, disability, critical illness, benefit plans, segregated funds, annuities) as well, both are registered GIC deposit agents. Karsten is a Certified Financial Planner while Tom is educated in tax and accounting. Birgit Radda is also a registered GIC deposit agent and she is the resident GIC expert. While Birgit is the main point person for all new and renewing GICs, she is also Tom and Karsten's manager of administration for wealth and insurance products. Jennifer White is the office accountant including payroll, bookkeeping and assists with tax preparation. We are a down-to earth small shop but we have city-like expertise.
*Mutual Funds provided through Wealthforce Inc. in the province of Ontario only. How to file a complaint.
*Mutual Funds provided through Wealthforce Inc. in the province of Ontario only. How to file a complaint.
Useful estate planning tools:
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office pics
some of the insurance carriers we represent:
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Contact Us FOR PERSONAL OR BUSINESS WEALTH, ESTATE, TAX OR BENEFIT PLAN ADVICE:
Let your visitors know how you would like stay in touch.
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