Understanding GIC Canada and Its Role in Study Permits A Guaranteed Investment Certificate (GIC) is crucial for international students seeking a Canadian study permit, especially through the Student Direct Stream (SDS). A GIC, offered by Canadian banks, serves as proof of funds, ensuring students have CAD 10,000 for living expenses, released in increments over a year. Obtaining a GIC involves choosing a bank, opening an account, and transferring funds. Benefits include streamlined budgeting and faster visa processing. Alongside tuition and living expenses, the GIC simplifies financial planning for studying in Canada, a top destination for international students. Follow: https://www.msmunify.com/student-gic/