Here’s an example of a portfolio within a RRSP – 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 protected & why:

The GIC and term deposit are eligible deposits within an insured category – a RRSP. Eligible deposits within one category are insured for up to $100,000. So $60,000 of the $240,000 in total deposits is covered.

What’s not insured:

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


A Locked-in Retirement Account (LIRA) is a type of RRSP. LIRAs are treated the same as RRSPs and other insured categories. However, if one person has both a LIRA and a RRSP, they would be combined for a total of $100,000 in the event of a failure.