Financial Community

Notice: The Government of Canada has announced that changes to the CDIC Act to modernize and enhance CDIC deposit protection will come into force on April 30, 2020 and April 30, 2021. PLEASE NOTE: Until then, current coverage rules apply.

Guidance documents

The following documents provide more guidance on CDIC By-Laws that will help you understand what the requirements for each are. You should read all of them to garner a better understanding of how deposit insurance pertains to trust. Links are to PDF documents, unless specified:

Guidance for CDIC Coverage of Brokered Deposits – May 7, 2018

This Information Bulletin covers the following areas:  How CDIC’s coverage rules for trust deposits apply to deposits made by brokers; What disclosure is required to ensure clients’ deposits are protected by CDIC; How to ensure Member Institutions receive your client information; and, How CDIC aggregates eligible deposits in a failure.

Information Bulletin: Deposit Insurance Information By-Law – October 18, 2017

This Information Bulletin is primarily to assist member institutions in meeting CDIC’s expectations and display requirements as set out in the Deposit Insurance Information By-law.  Brokers and other financial professionals may wish to consult the Bulletin to avoid making false, misleading or deceptive representations about what is or is not a deposit, what is or is not an insured deposit, or who is a CDIC member.

Information Bulletin: Important Information for broker-trustees – June 8, 2017 (HTML)

This document provides general information on CDIC’s coverage rules with respect to brokered deposits.

Information Bulletins: New Requirement under Joint and Trust Account Disclosure By-Law – January 11, 2011

Due to amendments to the CDIC Joint and Trust Account Disclosure By-law on September 4, 2019, some sections of this guidance document may be outdated. Please refer to Guidance for CDIC Coverage of Brokered Deposits – May 7, 2018 for up-to-date guidance.

Information Bulletin: Coverage of Deposits Held Jointly or in Trust – March 2010

Due to amendments to the CDIC Joint and Trust Account Disclosure By-law on September 4, 2019, some sections of this guidance document may be outdated. Please refer to Guidance for CDIC Coverage of Brokered Deposits – May 7, 2018 for up-to-date guidance.

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