Deposits held in a Registered Disability Savings Plan (RDSP)
CDIC protects eligible deposits held in a Registered Disability Savings Plan (RDSP).
Example
Nick volunteers at his local community centre, teaching science. Nick’s father opened an RDSP and named Nick the beneficiary.
This is Nick’s RDSP portfolio. Here is what does (✓) and does not (✗) qualify for CDIC coverage:
- $1,000 in a GIC
- $2,000 in a HISA
- $5,000 in stocks
- $2,000 in mutual funds
Total portfolio
$10,000
Eligible deposits
$3,000
Protected by CDIC
$3,000
In Nick’s RDSP portfolio, the GIC and HISA are eligible for coverage. As the beneficiary, his RDSP is covered up to $100,000.
Deposit insurance is free and automatic.
See how CDIC deposit protection works and explore the different coverage categories.
Explore how deposit insurance works