Information corner

About CDIC

CDIC is a federal Crown corporation established in 1967 to protect the savings of Canadians and to contribute to financial stability by safeguarding close to $1 trillion in deposits at more than 85 member institutions. 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 a dollar of deposits under CDIC’s protection.

Two friends casually talking while packing boxes for a move.

What’s covered

  • Deposits in Canadian or foreign currency (including via payroll, Interac e-transfer, or cheque)
  • Guaranteed Investment Certificates (GICs)
  • Other term deposits

What’s not covered

  • Mutual funds
  • Stocks and bonds
  • Exchange Traded Funds (ETFs)
  • Cryptocurrencies

Deposit insurance is free and automatic.

Our calculator can help you understand coverage. Protection is based on several deposit categories that keep your money safe throughout your life.

National ad campaign

FAQ videos

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