The best replacement for gic is rrsp.

The best alternatives to gic are rated as following:
★★★★★  rrsp
★★★★  tfsa
★★★  bonds
★★★  mutual fund
★★  term deposit
★  mutual funds
★  stable value fund
★  stable value
★  temasek
★  bond fund
  rsp
  high interest savings
  mdc
  gic
  money market fund
  mutual funds rrsp

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gic
rrsp
tfsa