Les Masterson is a deputy editor and insurance analyst at Forbes Advisor. He has been a journalist, reporter, editor and content creator for more than 25 years. He has covered insurance for a decade, ...

Lock in to some of the best GIC rates in Canada. A GIC is a secure investment that guarantees 100% of your principal plus interest at maturity. $100 minimum, No fees, Eligible for CDIC protection.

Most insurers prefer to offer annual policies, as they commit you to coverage for the entire year. However, if you know your circumstances will change within the next 12 months, a short-term home ...