Protecting your deposits.

What’s covered?

Guaranteeing the safety of your insured deposits to protect financial futures in Canada.

CDIC is a federal Crown corporation established in 1967 to protect the savings of Canadians. As a resolution authority, we are responsible for handling the failure of any of our members, from the smallest to the largest.

Our members include banks, federally-regulated credit unions, as well as trust and loan companies. We are funded by premiums paid by member institutions and do not receive public funds to operate. We have resolved 43 member failures to date, affecting some two million Canadians. No one has ever lost any money under CDIC’s protection.

Man high-fiving his daughter

Doing business with CDIC

CDIC enters into supply agreements every year with a wide range of suppliers – both small and large. CDIC’s procurement and contracting activities ensure that its operational requirements are always met and that transparency, openness, fairness, and value for money are promoted.

Work with us
This site is registered on as a development site. Switch to a production site key to remove this banner.