Deposits held in a RRIF

Here's an example of a portfolio within a RRIF and what does (✓) and does not (✗) qualify for CDIC coverage:

  • $ 10,000 in a one-year GIC
  • $ 50,000 in a two-year term deposit ✓
  • $ 50,000 in stocks and bonds ✗
  • $ 130,000 in mutual funds ✗
  • = $240,000 of which $60,000 is covered.

What's insured & why:

The GIC and term deposit are eligible deposits insured for up to $100,000 within a RRIF. So of the $240,000 in total deposits above, $60,000 is covered.

What's not insured & why not:

CDIC does not insure stocks, bonds or mutual funds, so $180,000 in those investments is not covered.