Deposits held in a RDSP

Deposits held in a Registered Disability Savings Plan (RDSP) are protected separately from the depositors’ eligible deposits held in other insured categories, such as those held in individual names.

Here’s an example of a portfolio within a RDSP at one CDIC member institution – and what does (✓) and does not (✗) qualify for CDIC coverage:


  • $20,000 in a GIC
  • $90,000 in a term deposit
  • $50,000 in stocks and bonds
  • $130,000 in mutual funds

Total Portfolio


Eligible Deposits


Protected by CDIC


What’s protected and why:

Within the insured category of RDSP, the above GIC and term deposit are eligible deposit products and therefore are together covered for up to $100,000 of CDIC protection. So $100,000 of the eligible $110,000 within the RDSP category are protected. CDIC coverage does not apply to stocks, bonds or mutual funds, so those investments, which amount to $180,000 of the total $290,000 in the category, are not eligible to be insured by CDIC.

Eligible deposits held in RDSPs are protected up to a coverage limit of $100,000 per beneficiary at each CDIC member institution.

For Example:

At one member institution you have:

  • $45,000

    in a GIC held in an RDSP for Child 1

  • $105,000

    in a term deposit held in another RDSP for Child 2



Protected by CDIC


You will receive coverage for the full amount ($45,000) held in the RDSP for Child 1, because the amount is within the $100,000 coverage limit. You will receive coverage for $100,000 of the $105,000 held in the RDSP for Child 2.

Have more questions about how CDIC deposit protection works?

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