Benefits of a Guaranteed Investment Certificate (GIC)

Royal Bank of Canada (RBC) to offer the International Student GIC Program, an easy and convenient way to obtain Proof of Financial Support for your Canadian study permit application, to help you take your next steps in studying Canada.

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Strengthen your study permit application and increase Immigration Officials’ trust in your Proof of Financial Support document with ApplyProof’s verification technology.

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The Guaranteed Investment Certificate (GIC) fulfills the Proof of Financial Support requirement for a Canadian Study Permit application.

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Access a wide range of services and offers for newcomers to Canada, through RBC’s digital banking solutions and over 1,100 RBC Royal Bank branches across the country.

Signing DocumentEarn interest at a guaranteed, fixed interest rate over the term of your investment.

Chart with GrowthYour investment is protected by the Canada Deposit Insurance Corporation.

What are the GIC Application Steps?

1. If you are an International Student from Brazil, Colombia, Costa Rica, India, or Peru who meets the eligibility criteria of the Government of Canada’s Student Direct Stream program, follow the steps below to apply now:

Complete and Submit your Application
  • Download the Application Package;
  • Read, complete and sign the RBC International Student GIC Program Application Form and other documents included in the package;
  • Complete the webform below and upload your completed Application Package, passport and letter of acceptance from an eligible Canadian school;
  • Submit your application and supporting documents online within the form;
  • Receive a confirmation email and confirm your email address by clicking the button in the body of the email.

2. Open Investment Account;

3. Transfer Funds to Purchase your RBC GIC;

4. Obtain GIC Confirmation on our Application Portal.

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