# EDGAR Filing Document

**Accession Number:** 0001492040
**File Stem:** 0001193125-26-019007
**Filing Date:** 2026-1
**Character Count:** 14493
**Document Hash:** f9b6926f6d501555a8a8aca448ef3e29
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-019007.hdr.sgml**: 20260122

**ACCESSION NUMBER**: 0001193125-26-019007

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260122

**DATE AS OF CHANGE**: 20260122

**EFFECTIVENESS DATE**: 20260122

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JCIC Asset Management Inc.
- **CENTRAL INDEX KEY:** 0001492040

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13937
- **FILM NUMBER:** 26550266

**BUSINESS ADDRESS:**
- **STREET 1:** 500-320 BAY STREET
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H 4A6
- **BUSINESS PHONE:** 416-366-1122

**MAIL ADDRESS:**
- **STREET 1:** 500-320 BAY STREET
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H 4A6

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Jones Collombin Investment Counsel Inc
- **DATE OF NAME CHANGE:** 20100514

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** JCIC Asset Management Inc.<br>**Address:** 500-320 Bay Street<br>Toronto, A6 M5H 4A6

**Form 13F File Number:** 028-13937

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Aaron Coholan<br>**Title:** COO  CCO<br>**Phone:** 416-366-1122

**Signature, Place, and Date of Signing:**

Aaron Coholan  Toronto, A6  01-13-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 114

**Form 13F Information Table Value Total:** $326893486

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 31462 | 315 | SH |  | SOLE |  | 315 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 9366 | 85 | SH |  | SOLE |  | 85 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 206263 | 2145 | SH |  | SOLE |  | 2145 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 33406 | 620 | SH |  | SOLE |  | 620 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 16922 | 320 | SH |  | SOLE |  | 320 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 204685 | 1715 | SH |  | SOLE |  | 1715 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 200269 | 3410 | SH |  | SOLE |  | 3410 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 204109 | 2560 | SH |  | SOLE |  | 2560 | 0 | 0 |
| BCE INC | COM NEW | 05534B760 |  | 28818 | 1208 | SH |  | SOLE |  | 1208 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 |  | 7830583 | 60290 | SH |  | SOLE |  | 60290 | 0 | 0 |
| BANK NOVA SCOTIA HALIFAX | COM | 064149107 |  | 318428 | 4317 | SH |  | SOLE |  | 4317 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 9180449 | 210725 | SH |  | SOLE |  | 210725 | 0 | 0 |
| BROOKFIELD INFRASTRUCTURE CO | COM SUB VTG A | 11276H106 |  | 5494 | 121 | SH |  | SOLE |  | 121 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 4151643 | 79245 | SH |  | SOLE |  | 79245 | 0 | 0 |
| CGI INC | CL A SUB VTG | 12532H104 |  | 4482658 | 48525 | SH |  | SOLE |  | 48525 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 3691461 | 40310 | SH |  | SOLE |  | 40310 | 0 | 0 |
| CANADIAN IMPERIAL BANK OF CO | COM | 136069101 |  | 3483569 | 38422 | SH |  | SOLE |  | 38422 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 23739 | 240 | SH |  | SOLE |  | 240 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 3212600 | 94837 | SH |  | SOLE |  | 94837 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 4806171 | 284065 | SH |  | SOLE |  | 284065 | 0 | 0 |
| EMERA INC | COM | 290876101 |  | 68261 | 1385 | SH |  | SOLE |  | 1385 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 9322597 | 194798 | SH |  | SOLE |  | 194798 | 0 | 0 |
| FORTIS INC | COM | 349553107 |  | 311459 | 5990 | SH |  | SOLE |  | 5990 | 0 | 0 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 7398731 | 118359 | SH |  | SOLE |  | 118359 | 0 | 0 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 7698980 | 212000 | SH |  | SOLE |  | 212000 | 0 | 0 |
| OVINTIV INC | COM | 69047Q102 |  | 1679547 | 42860 | SH |  | SOLE |  | 42860 | 0 | 0 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 236494 | 6207 | SH |  | SOLE |  | 6207 | 0 | 0 |
| RB GLOBAL INC | COM | 74935Q107 |  | 6178 | 60 | SH |  | SOLE |  | 60 | 0 | 0 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 |  | 4625488 | 122525 | SH |  | SOLE |  | 122525 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 13965575 | 81911 | SH |  | SOLE |  | 81911 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 9334690 | 57968 | SH |  | SOLE |  | 57968 | 0 | 0 |
| SOUTH BOW CORP | COM | 83671M105 |  | 5639 | 205 | SH |  | SOLE |  | 205 | 0 | 0 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 |  | 5931 | 95 | SH |  | SOLE |  | 95 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 206297 | 3746 | SH |  | SOLE |  | 3746 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 9097 | 190 | SH |  | SOLE |  | 190 | 0 | 0 |
| TELUS CORPORATION | COM | 87971M103 |  | 167007 | 12670 | SH |  | SOLE |  | 12670 | 0 | 0 |
| THOMSON REUTERS CORP | COM | 884903808 |  | 3334883 | 25268 | SH |  | SOLE |  | 25268 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 8035326 | 85248 | SH |  | SOLE |  | 85248 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 5974150 | 34060 | SH |  | SOLE |  | 34060 | 0 | 0 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 194173 | 5589 | SH |  | SOLE |  | 5589 | 0 | 0 |
| BROOKFIELD RENEWABLE PARTNER | PARTNERSHIP UNIT | G16258108 |  | 79969 | 2959 | SH |  | SOLE |  | 2959 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 44108 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 64808 | 2609 | SH |  | SOLE |  | 2609 | 0 | 0 |
| ALCOA CORP | COM | 013872106 |  | 23382 | 440 | SH |  | SOLE |  | 440 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 108837 | 697 | SH |  | SOLE |  | 697 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 28999827 | 92415 | SH |  | SOLE |  | 92415 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 327085 | 1045 | SH |  | SOLE |  | 1045 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 16017061 | 69392 | SH |  | SOLE |  | 69392 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 151680 | 410 | SH |  | SOLE |  | 410 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 23491151 | 86409 | SH |  | SOLE |  | 86409 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 349415 | 6353 | SH |  | SOLE |  | 6353 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 90477 | 180 | SH |  | SOLE |  | 180 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 18340 | 340 | SH |  | SOLE |  | 340 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 32880 | 95 | SH |  | SOLE |  | 95 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 3889770 | 107304 | SH |  | SOLE |  | 107304 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 169711 | 5557 | SH |  | SOLE |  | 5557 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 20880 | 137 | SH |  | SOLE |  | 137 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 80111 | 1040 | SH |  | SOLE |  | 1040 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 98603 | 845 | SH |  | SOLE |  | 845 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 129351 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 2494058 | 5357 | SH |  | SOLE |  | 5357 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 29928 | 285 | SH |  | SOLE |  | 285 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 5397556 | 8177 | SH |  | SOLE |  | 8177 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 20139 | 1535 | SH |  | SOLE |  | 1535 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 86292 | 1699 | SH |  | SOLE |  | 1699 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 3601487 | 11692 | SH |  | SOLE |  | 11692 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 9337 | 20 | SH |  | SOLE |  | 20 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 4812927 | 13987 | SH |  | SOLE |  | 13987 | 0 | 0 |
| INSMED INC | COM PAR $.01 | 457669307 |  | 359219 | 2064 | SH |  | SOLE |  | 2064 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 73717 | 120 | SH |  | SOLE |  | 120 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 14159 | 25 | SH |  | SOLE |  | 25 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 20424237 | 63386 | SH |  | SOLE |  | 63386 | 0 | 0 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 14873 | 240 | SH |  | SOLE |  | 240 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 65189 | 315 | SH |  | SOLE |  | 315 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 4257882 | 3962 | SH |  | SOLE |  | 3962 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 199084 | 347 | SH |  | SOLE |  | 347 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 57088 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 18274549 | 37787 | SH |  | SOLE |  | 37787 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 14271 | 50 | SH |  | SOLE |  | 50 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 2154136 | 22975 | SH |  | SOLE |  | 22975 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 16373954 | 87796 | SH |  | SOLE |  | 87796 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 18516 | 95 | SH |  | SOLE |  | 95 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 18973 | 103 | SH |  | SOLE |  | 103 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 27986 | 195 | SH |  | SOLE |  | 195 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 21497 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 13638 | 20 | SH |  | SOLE |  | 20 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 90069 | 340 | SH |  | SOLE |  | 340 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 14553 | 95 | SH |  | SOLE |  | 95 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 5123871 | 62708 | SH |  | SOLE |  | 62708 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 23132 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 174104 | 1557 | SH |  | SOLE |  | 1557 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 7592037 | 46637 | SH |  | SOLE |  | 46637 | 0 | 0 |
| VIAVI SOLUTIONS INC | COM | 925550105 |  | 20261 | 1137 | SH |  | SOLE |  | 1137 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 8420898 | 24011 | SH |  | SOLE |  | 24011 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 4552547 | 40863 | SH |  | SOLE |  | 40863 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 22574 | 235 | SH |  | SOLE |  | 235 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 43681 | 298 | SH |  | SOLE |  | 298 | 0 | 0 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 17162 | 157 | SH |  | SOLE |  | 157 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 59562 | 1715 | SH |  | SOLE |  | 1715 | 0 | 0 |
| BANCO BILBAO VIZCAYA ARGENTA | SPONSORED ADR | 05946K101 |  | 3074822 | 131910 | SH |  | SOLE |  | 131910 | 0 | 0 |
| HSBC HLDGS PLC | SPON ADR NEW | 404280406 |  | 198799 | 2527 | SH |  | SOLE |  | 2527 | 0 | 0 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 |  | 148820 | 5315 | SH |  | SOLE |  | 5315 | 0 | 0 |
| MITSUBISHI UFJ FINL GROUP IN | SPONSORED ADS | 606822104 |  | 2833230 | 178640 | SH |  | SOLE |  | 178640 | 0 | 0 |
| NATIONAL GRID PLC | SPONSORED ADR NE | 636274409 |  | 2366137 | 30590 | SH |  | SOLE |  | 30590 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 1781512 | 35014 | SH |  | SOLE |  | 35014 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 3229519 | 43951 | SH |  | SOLE |  | 43951 | 0 | 0 |
| RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 |  | 4931155 | 68308 | SH |  | SOLE |  | 68308 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 3756603 | 15465 | SH |  | SOLE |  | 15465 | 0 | 0 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 3819392 | 149195 | SH |  | SOLE |  | 149195 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 6791942 | 22350 | SH |  | SOLE |  | 22350 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767803 |  | 6901 | 106 | SH |  | SOLE |  | 106 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 5543 | 13 | SH |  | SOLE |  | 13 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 69541 | 65 | SH |  | SOLE |  | 65 | 0 | 0 |
| MAGNUM ICE CREAM CO NV | ORD SHS | N5505D105 |  | 383 | 24 | SH |  | SOLE |  | 24 | 0 | 0 |

---