Industry news

CDIC Act changes deferred to April 30, 2022

Industry news

On May 19, 2020, the Government of Canada advised CDIC that changes to CDIC deposit protection originally slated for April 30, 2021 are deferred by one year and will now come into force on April 30, 2022.

The change provides CDIC members with operational reprieve so they can focus on client service delivery during these challenging times.

The deferral complements other measures (PDF, 279 KB) CDIC has recently undertaken to help support the Canadian financial industry as it navigates the ongoing global economic and market uncertainty. CDIC continues to dedicate itself to supporting the availability and efficacy of financial services to effectively meet the needs of Canadian households and businesses.

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