Insuring trusteed registered plans

If you have a RRSP, RRIF, TFSA, RESP and/or RDSP in trust, eligible deposits within each of these will be insured for up to $100,000 separately from eligible deposits in your non-trusteed registered plans held in your own name, providing the trust disclosure rules are met. In the event of a member institution failure, the deposit insurance payment will be sent to your trustee.

Many Canadians hold eligible deposits in trusts in:

Self-directed plans can be trusts. For more detailed information about the protection of eligible deposits held in trust, you can consult the Canada Deposit Insurance Corporation Act and the CDIC Joint and Trust Account Disclosure By-law.

If you are uncertain whether your RRSP has a trustee, ask your CDIC member institution or check your RRSP agreement.