Why meet disclosure rules?

Observing CDIC's trust disclosure rules may have an impact on insurance coverage:

  • for the trust;
  • for the trustee's personal accounts, separate from the trust;
  • for the beneficiary's personal accounts, separate from the trust.

We consider a trustee to be the depositor for trust accounts. These are sometimes called 'nominee' accounts by financial professionals.

For example, if you are a trustee and you meet CDIC's trust disclosure rules, an eligible trust deposit will be insured separately from deposits you hold in your name. Each would be covered for up to $100,000.

If trust disclosure rules are not met, deposits you hold in trust will be combined with deposits you hold in your name. Together these would be limited to a maximum of $100,000 in CDIC coverage.