A GIC is a Canadian investment that has a guaranteed rate of return for a fixed period of time. Many banks offer GICs. The bank that gives you the GIC must:<br />confirm that you bought a GIC by giving you 1 of the following:<br />a letter of attestation<br />a GIC certificate<br />an Investment Directions Confirmation or<br />an Investment Balance Confirmation<br />hold the GIC in an investment account or a student account that you can’t access until you arrive in Canada<br />make you confirm your identity before they release any funds to you<br />release the funds to you by providing:<br />an initial lump sum once you identify yourself upon arrival in Canada<br />the remainder of the funds in monthly or bi-monthly instalments over 10 to 12 months.<br /><a href="https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/student-direct-stream/eligibility.html" target="_blank" rel="nofollow">https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/student-direct-stream/eligibility.html</a><br /><br />About the Consultant:<br />Usman Zafar Khawaja has done his Masters in International Relations from The United Kingdom. He is a pure educationist and entrepreneur having multiple years of experience in Teaching and Business at international level. Usman Zafar Khawaja is also the founder of The Educational Network. <br /><br />Entrepreneurship 101 free course:<br /><a href="https://bit.ly/entrepreneurfreecourse" target="_blank" rel="nofollow">https://bit.ly/entrepreneurfreecourse</a><br /><br />International Relations Free Course:<br /><a href="https://bit.ly/irfreecourse" target="_blank" rel="nofollow">https://bit.ly/irfreecourse</a><br /><br />Follow The Educational Network:<br /><br />INSTAGRAM: <a href="https://www.instagram.com/theeducationalnetwork/" target="_blank" rel="nofollow">https://www.instagram.com/theeducationalnetwork/</a><br />FACEBOOK: <a href="https://www.facebook.com/theeducationalwork/" target="_blank" rel="nofollow">https://www.facebook.com/theeducationalwork/</a><br />WEBSITE: <a href="http://theeducationalnetwork.com/" target="_blank" rel="nofollow">http://theeducationalnetwork.com/</a><br />...<br /><a href="https://www.youtube.com/watch?v=SftFTEa0tM8" target="_blank" rel="nofollow">https://www.youtube.com/watch?v=SftFTEa0tM8</a>