OTTAWA – October 7, 2025 – The Canada Deposit Insurance Corporation’s (CDIC) 2025 Annual Report was tabled today in Parliament.
CDIC’s vision of guaranteeing the safety of your insured deposits to protect financial futures in Canada, reflects our steadfast commitment to depositors as well as the vital role deposit insurance plays in consumer protection.
The annual report outlines CDIC’s progress and advancements made against our key strategic priorities during the 2024/2025 fiscal year. These include:
1. Depositor trust and confidence
A shifting financial landscape, including an evolving risk environment and new findings on the saving needs of depositors, makes for a dynamic operating environment. Over the year, CDIC anticipated and responded to these challenges through robust strategic policy development and a strong focus on public awareness of deposit insurance. Focus groups with depositors provided insight into how we can improve the clarity and accessibility of deposit insurance information, and we shared these findings with the Department of Finance to support its broader Deposit Insurance Review (DIR). On the public awareness side, we exceeded our target of 60%-65% and reached 68% awareness of deposit protection among the general public.
2. Resolution readiness
CDIC strengthened our risk assessment methodology through improved data analytics and monitoring. We also strengthened our resolution planning and tested our readiness capabilities to better protect depositors through six simulation exercises. These exercises help validate our preparedness activities and drive continuous improvement. The year also saw us advance the implementation of Phase 1 of the new Differential Premium Systems (DPS) framework.
3. Organizational strength
CDIC’s vision is realized through our people, an inclusive culture, and reliable and secure systems and technology. In October 2024, we were recertified as a Great Place to Work® — a result that reflects our strong employer brand and allows us to attract and retain top talent. We continued to reflect the people we serve by fostering an inclusive culture focused on psychological safety, accessibility, diversity, and collaboration. In addition to our people-focused efforts, we continued to mature our enterprise technology and cyber security posture to better anticipate and manage ever-evolving cyber risks.
“Market volatility and economic uncertainty have been cause for concern to many over the past year,” said Chief Executive Officer Gina Byrne. “You can rest assured that CDIC, through our readiness activities, is well-prepared and remains steadfast in delivering on our mandate to protect depositors.”
To learn more about CDIC’s activities over the past year, please join us for the CDIC Annual Public Meeting on November 18, 2025.
About CDIC
CDIC is a federal Crown corporation, established by Parliament in 1967. We protect people’s insured deposits and contribute to financial stability by safeguarding over $1 trillion in deposits at more than 80 member institutions. As 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 depositors. No one has ever lost any money under CDIC protection.
– 30 –
For further information
Tamara Mason
Head, Communications
Tel: 613-943-4395
E-mail: media@cdic.ca