Protecting Your Deposits


Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation that protects your deposits for up to $100,000 per insured category at financial institutions that are CDIC members.

Coverage is free and automatic – you don’t have to sign up.

To identify a CDIC member look for this symbol:


Download Protecting your deposits brochure (pdf)

What's Covered

What's Not Covered

  • Savings and chequing accounts
  • Guaranteed Investment Certificates (GICs) and other term deposits with original terms to maturity of five years or less
  • Mutual funds, stocks and bonds
  • Foreign Currency
    (eg. $U.S.)

What's Covered

Savings and chequing accounts

Guaranteed Investment Certificates (GICs) and other term deposits with original terms to maturity of five years or less

What's Not Covered

Mutual funds, stocks and bonds

Foreign Currency
(eg. $U.S.)

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Add up your coverage!


We protect deposits in CDIC members to help with your savings goals. If you deposit money in savings accounts, chequing accounts or GICs and other term deposits (of five years or less), it is protected for up to $100,000 in each of the categories below.

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How does this work for me and my family?


Below is an example of CDIC protection for a family that makes deposits at a CDIC member.

Note: All amounts include principal and interest (in Canadian dollars)

Calculate Your Coverage

What happens if a CDIC member fails?


Your money belongs in your hands. CDIC works hard to protect your savings and your access to financial services.

If your institution closes, we will reimburse your insured funds (including interest) within days.

It’s automatic – we will contact you.

What can you do?

CDIC is a federal Crown corporation, and is fully funded by CDIC members.