Each CDIC member institution must pay annual premiums on insured deposits as a condition of membership. These premiums constitute a reserve fund which CDIC would draw from in order to resolve the failure of any of its members.
Each year, every member institution is classified into one of four premium categories according to the Differential Premium By-law. This By-law classifies member institutions into categories on the basis of risk for premium assessment purposes. It also includes the premium penalty for non-compliance with the Data and System Requirements By-law and the Resolution Planning By-law.
Premium Year 2021 – Reference Documents
Differential Premiums Form (DPF)
- Help function – Differential Premiums Manual (PDF 650 KB).
- New Member Declaration – Download the Declaration in PDF format (128 KB). The New Member Declaration must reach CDIC offices no later than April 30 of the filing year.
- Declaration under subparagraph 15(4)(b)(i) of the DP (PDF 143 KB).
Return of Insured Deposits (RID)
- Help Guide – Return of Insured Deposits (RID) (PDF, 536 KB) Last updated: June 2021
Disclosing Rating Information
The CDIC Policy of Deposit Insurance prohibits members from disclosing premium rating information they receive from CDIC. This information includes:
- the category in which the member institution is classified;
- the premium rate assigned to the member;
- the total score assigned to the member;
- any score assigned to a member related to quantitative or qualitative factors or criteria;
- the examiner’s rating; and
- any other information that is given to the member with respect to qualitative factors or criteria by CDIC or by the member institution’s regulator or examiner that would, in itself or pieced together with other information, enable the score assigned to the member institution to be determined.
Regulatory Reporting System (RRS)
The Regulatory Reporting System (RRS) is a web application that lets federally regulated financial institutions (FRFIs) submit regulatory return information. RRS supports the Bank of Canada, the Office of the Superintendent of Financial Institutions and CDIC’s mandate by collecting reliable, accurate and timely data.
If your institution is already registered to use the Regulatory Reporting System (RRS) for OSFI filings, no further registration actions are necessary as you will use your existing RRS credentials. If your institution has not previously registered to use RRS please contact Customer Support or email@example.com.