A Guaranteed Investment Certificate (GIC) is a secure investment option (similar to a fixed or term deposit) that assures the complete return of the original investment and interest earned within a pre-determined and fixed timeframe.
For a successful SDS, you will need a (GIC) valued at CAD 10,000 or as specified by Immigration, Refugees & Citizenship Canada (IRCC) for the designated province of arrival. A GIC may also serve as proof of funds to support their living expenses for the initial year of their stay in Canada.