Protecting your deposits – that's what we do.
What’s covered
Eligible deposits
- Deposits in Canadian or foreign currency (including via payroll, Interac e-transfer, or cheque)
- Guaranteed Investment Certificates (GICs)
- Other term deposits
Products that are not eligible
- Mutual funds
- Stocks and bonds
- Exchange Traded Funds (ETFs)
- Cryptocurrencies
Is your financial institution a member?
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How deposit insurance works
CDIC insures eligible deposits if a member institution fails. Each category is insured separately up to $100,000, including principal and interest. Depositors holding deposits in more than one category can have more than $100,000 in total coverage.
Each member institution has their own distinct coverage, though the rules are applied the same way for all. Use our search tool to check if you bank with a member institution.
Each member institution has their own distinct coverage, though the rules are applied the same way for all. Use our search tool to check if you bank with a member institution.
Categories
- Deposits held in one name
- Deposits held in more than one name (joint deposits)
- Deposits held in a Registered Retirement Savings Plan (RRSP)
- Deposits held in a Registered Retirement Income Fund (RRIF)
- Deposits held in a Tax-Free Savings Account (TFSA)
- Deposits held in a Registered Disability Savings Plan (RDSP)
- Deposits held in a Registered Education Savings Plan (RESP)
- Deposits held in a First Home Savings Account (FHSA)
- Deposits held in trust
Deposit insurance is free and automatic.
Our calculator can help you understand coverage. Protection is based on several deposit categories that keep your money safe throughout your life.
Calculate your coverage