Forward regulatory plan

A forward regulatory plan is a public list or description of anticipated regulatory changes or actions that a department intends to bring forward or undertake in a specified time frame. It is intended to give consumers, businesses, other stakeholders, and trading partners a greater opportunity to inform the development of regulations, and to plan for the future. This forward regulatory plan will be adjusted and updated over time as the Canada Deposit Insurance Corporation’s (CDIC) operating environment changes.

The following plan provides information on planned and potential initiatives that CDIC expects to bring forward over the next two years. It also identifies public consultation opportunities and a departmental contact point for the initiatives.

For more information

• Government-wide Forward Regulatory Plans
• The Cabinet Directive on Regulatory Management
• The Red Tape Reduction Action Plan
• The Canada–United States Regulatory Cooperation Council

To learn about upcoming or ongoing consultations on proposed federal regulations, visit the Canada Gazette and Consulting with Canadians websites.

Forward Regulatory Plan 2025-2027

Regulatory Initiative: By-law Amending the Canada Deposit Insurance Corporation Eligible Financial Contracts By-law

Title or working title of the regulatory initiative

By-law Amending the Canada Deposit Insurance Corporation Eligible Financial Contracts By-law (“Proposed Amending EFC By-law”)

Description of the objective

The Canada Deposit Insurance Corporation Eligible Financial Contracts By-law, SOR/ 2022-55 (“EFC By-law”), requires that federal member institutions ensure that certain eligible financial contracts contain provisions indicating the parties’ agreement to the applicability of the Canada Deposit Insurance Corporation Act’s stay provisions.

The Proposed Amending EFC By-law would modify the prescribed class of eligible financial contracts under the EFC By-law to exclude certain parties where CDIC has determined that such exclusions are appropriate and would not impair an orderly resolution.

Indication of business impacts

This change is expected to reduce the regulatory burden on federal member institutions. 

Public consultation opportunities

CDIC began targeted consultations in 2024. The Proposed Amending EFC By-law was pre-published in the Canada Gazette, Part I, on November 1, 2025, for a 30-day comment period.

Regulatory Initiative: Canada Deposit Insurance Corporation Differential Premiums By-law, SOR/2025-165 

Title or working title of the regulatory initiative

Canada Deposit Insurance Corporation Differential Premiums By-law, SOR/2025-165 (“New DP By-law”)

Description of the objective

The current Canada Deposit Insurance Corporation Differential Premiums By-law, SOR/99-120 (“DP By-law”), establishes a differential premiums system (“DPS”) that classifies member institutions into different categories; sets out the criteria, factors or procedures that CDIC will consider or follow in determining the category in which a member institution is classified; and sets the amount of, or provides a manner of determining the amount of, the annual premium applicable to each category.

The New DP By-law will repeal and replace the current DP By-law. It strengthens the risk sensitivity of the DPS and modernizes its framework. The changes under the New DP By-law include: an increase to the number of premium categories from four to five (effective as of April 1, 2025); an updated policy for the classification of new member institutions; an increase from an annual to a semi-annual classification of member institutions for the purpose of determining each member institution’s annual premium; and changes to the qualitative and quantitative criteria of the DPS scorecard.

Indication of business impacts

Business impacts are expected to be neutral. Given the enhanced risk sensitivity of the DPS scorecard, there may be premium increases for some member institutions and premium decreases for other member institutions.

Public consultation opportunities

In July 2022, CDIC held a 90-day public consultation where member institutions and other stakeholders were asked to provide comments on proposed changes to the DPS. A summary of the feedback received was published in January 2023. CDIC’s review of the DPS formally concluded in July 2023 with the publication of a final set of proposed changes.

The proposed New DP By-law was pre-published in the Canada Gazette, Part I, on January 18, 2025, for a 30-day consultation period. During the consultation period, comments were received from an industry association, which recommended further mitigation measures to address the costs and burden for new entrants and small and medium-sized deposit-taking institutions. CDIC considered the proposal, however, no substantive changes were made to the proposed version.

The New DP By-law was published in the Canada Gazette, Part II on September 10, 2025. It will take effect on April 29, 2026. 

Regulatory Initiative: Possible amendments to the Canada Deposit Insurance Corporation Deposit Insurance Information By-law, SOR/96-542

Title or working title of the regulatory initiative

Possible amendments to the Canada Deposit Insurance Corporation Deposit Insurance Information By-law (“DII By-law”)

Description of the objective

The DII By-law sets out requirements for member institutions to ensure depositors receive clear, accurate, and timely information about deposit insurance. It also prohibits any false, misleading, or deceptive representation about CDIC membership or deposit protection.

CDIC is in the process of reviewing the DII By-law. Amendments may be required to ensure that the DII By-law remains effective and up to date.

Indication of business impacts

If the current review results in amendments to the DII By-law, there may be business impacts to member institutions.

Public consultation opportunities

In July 2025, CDIC published a consultation paper and solicited feedback from depositors, member institutions, their associations, regulators, fintechs, and other interested parties.

CDIC will review comments through the Fall and Winter of 2025. Should CDIC propose amendments to the DII By-law, CDIC intends to pre-publish a proposed amending DII By-law in the Canada Gazette, Part I.

Forward Regulatory Plan 2021-2023

This plan provides information on regulatory proposals that the Canada Deposit Insurance Corporation expects to bring forward over the next two years. It also identifies public consultation opportunities and a departmental contact point for each initiative.

Proposed Regulatory Initiatives

• Making of the Canada Deposit Insurance Corporation Eligible Financial Contracts By-law
• By-law Amending the Canada Deposit Insurance Corporation Differential Premiums By-law
• Possible amendments to the Canada Deposit Insurance Corporation Deposit Insurance Policy By-law
• Possible amendments to the Canada Deposit Insurance Corporation Differential Premiums By-law
• Possible Amendments to the Canada Deposit Insurance Corporation Prescribed Practices Premium Surcharge By-law

For more information

• Government-wide Forward Regulatory Plans
• Cabinet Directive on Regulation
• Regulatory Cooperation

To learn about upcoming or ongoing consultations on proposed federal regulations, visit the Canada Gazette and Consulting with Canadians websites.

Regulatory Initiative

Making of the Canada Deposit Insurance Corporation Eligible Financial Contracts By-law

Title or working title of the regulatory initiative

Making of the Canada Deposit Insurance Corporation Eligible Financial Contracts By-law.

Description of the objective

The Budget Implementation Act, 2021, No.1, which received Royal Assent on June 29, 2021, introduced legislative amendments that strengthened Canada’s resolution regime, and provided CDIC with a by-law making authority to require certain federal member institutions to ensure that certain provisions of the CDIC Act apply to certain eligible financial contracts.

The Eligible Financial Contracts By-law will set out which portions of the Canada Deposit Insurance Corporation Act will apply to certain eligible financial contracts and the timelines for implementation.

The Canada Deposit Insurance Corporation Eligible Financial Contracts By-law would be made pursuant to paragraph 11(2)(g) and subsections 39.15(7.4) and (7.5) of the Canada Deposit Insurance Corporation Act.

Indication of business impacts

Federal member institutions will have to amend their eligible financial contracts in accordance with the timelines setout in the by-law.

Public consultation opportunities

CDIC issued targeted consultations with the industry in April 2019. The by-law will be pre-published in the Canada Gazette, Part I, in December 2021 for a 30-day comment period.

By-law Amending the Canada Deposit Insurance Corporation Differential Premiums By-law

Title or working title of the regulatory initiative:

By-law Amending the Canada Deposit Insurance Corporation Differential Premiums By-law

Description of the objective

The Differential Premiums By-law must be reviewed annually to confirm it is up to date and to ensure that it aligns with the terminology used by the Office of the Superintendent of Financial Institutions (OSFI) in the regulatory filings to be completed by member institutions.

The By-law Amending the Canada Deposit Insurance Corporation Differential Premiums By-law would be made pursuant to paragraph 11(2)(g) and section 21 of the Canada Deposit Insurance Corporation Act.

Indication of business impacts

There are no expected impacts on member institutions as the amendments are technical in nature.

Public consultation opportunities

For the 2022 premium year, the Amending By-law was pre-published in the Canada Gazette, Part I on October 16, 2021, for a 30-day comment period. The final Amending By-law will be published in February/March 2022.

For the 2023 premium year, the Amending By-law is anticipated to be pre-published in the Canada Gazette, Part I in October 2022.

Possible amendments to the Canada Deposit Insurance Corporation Differential Premiums By-law

Title or working title of the regulatory initiative

Possible amendments to the Canada Deposit Insurance Corporation Differential Premiums By-law.

Description of the objective

The Canada Deposit Insurance Corporation Differential Premiums By-law establishes a system to classify member institutions into different categories, sets out the criteria or factors the CDIC will consider in classifying members into categories, establishes the procedures the CDIC will follow in classifying members, and fixes the amount (or provides a manner of determining the amount) of the annual premium applicable to each category. During the planning period CDIC will be undertaking a detailed review of the By-law to determine its overall effectiveness and ensure it remains up to date.

Indication of business impacts

Changes are to come into effect during the planning period. Any proposed amendments may have business impacts on members of the Canada Deposit Insurance Corporation.

Public consultation opportunities

Beginning July 2022, CDIC will consult with member institutions and other stakeholders on changes to the differential premium system framework, as well as the establishment of a process for providing guidance on an annual basis with respect to the ex ante fund and premium rate setting. Following the conclusion of the consultation process and CDIC’s internal assessment and review, interested stakeholders will have a further opportunity to comment on any proposed amendments to the By-law when they are pre-published in the Canada Gazette, Part I.

Possible amendments to the Canada Deposit Insurance Corporation Deposit Insurance Policy By-law

Title or working title of the regulatory initiative

Possible amendments to the Canada Deposit Insurance Corporation Deposit Insurance Policy By-law.

Description of the objective

The Canada Deposit Insurance Corporation Deposit Insurance Policy By-law provides the conditions of the provision of deposit insurance that applies to all CDIC member institutions. CDIC is in the process of reviewing the By-law to ensure it remains up to date.

Indication of business impacts

If changes are proposed there may be business impacts on members of the Canada Deposit Insurance Corporation.

Public consultation opportunities

CDIC may consult with member institutions on any new or updated requirements and interested stakeholders will have an opportunity to review and comment on any amendments when amendments are pre-published in the Canada Gazette, Part I.

Possible Amendments to the Canada Deposit Insurance Corporation Prescribed Practices Premium Surcharge By-law

Title or working title of the regulatory initiative

Possible amendments to the Canada Deposit Insurance Corporation Prescribed Practices Premium Surcharge By-law

Description of the objective

The Prescribed Practices Premium Surcharge By-law supports the Canadian deposit insurance and resolution planning framework by introducing a premium surcharge on member institutions who fail to comply with certain provisions of the Canada Deposit Corporation Act and by-laws.  CDIC plans to undertake a comprehensive review of the By-law to ensure that it remains effective and up to date.

Indication of business impacts

Any proposed amendments to the Prescribed Practices Premium Surcharge By-law may be expected to impact the premiums of those federal member institutions that are assessed as non-compliant.

Public consultation opportunities

CDIC may consult with member institutions on any proposed amendments, and interested stakeholders will have an opportunity to review and comment on any proposed amendments when they are pre-published in the Canada Gazette, Part I.