We help protect your money.
What’s covered
- Deposits in Canadian or foreign currency (including via payroll, Interac e-transfer, or cheque)
- Guaranteed Investment Certificates (GICs)
- Other term deposits
What’s not covered
- Mutual funds
- Stocks and bonds
- Exchange Traded Funds (ETFs)
- Cryptocurrencies
Is your financial institution a member?
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How deposit insurance works
We protect your eligible deposits that are held in our CDIC member institutions. Many people deposit money into more than one account or financial product. We insure eligible deposits for up to $100,000 (including principal and interest) at each member institution, for each of the following 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