Are deposits held at a bank branch in Canada by a non-resident or non-Canadian citizen eligible for CDIC coverage?

A: The place of residence or nationality of depositors does not affect the eligibility of their deposits for CDIC coverage. Deposits by a non-resident or non-Canadian citizen are eligible for CDIC coverage if the funds are eligible deposits, in Canadian currency and if they are recorded at a branch or office of a CDIC member institution in Canada.