Financial Community

Changes to deposit insurance affecting brokers acting in client name (i.e. as an agent)

On May 19, 2020, the Government of Canada advised CDIC that changes to deposit protection originally slated for April 30, 2021 are deferred by one year and will now come into force on April 30, 2022. Content on this page has been updated to reflect the new coming into force date of April 30, 2022

The Government of Canada has made changes to CDIC’s deposit insurance framework that will have an impact on you and your clients. Changes come into force in two different phases: the first in April 2020 and the second in April 2022.

For more information about how these changes affect brokers acting in client name, please contact us at questions@cdic.ca.

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